FOOT A COLUMN is to add a column of numbers. To test footing is to add the column again to check accuracy.
CORRECTING ENTRY, a type of ADJUSTING ENTRY, is required at the end of an accounting period if a mistake was made in the accounting records during the period. See REVERSING ENTRY.
CASH ON HAND literally means coin, currency, and cash items on hand. It is not possible to have negative cash on hand.
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