The accountants could attempt to fix this error through journal entry adjustments. A journal entry would allow them to record the property tax expense and the corresponding liability, reflecting the obligation to pay the tax.
Imagine the accounting team forgot that your company had to pay property taxes on its warehouse. Assuming the tax bill hasn’t been paid yet, where could your accountants attempt to fix this error through budget adjustments?
(1 point)
Responses
worksheet
worksheet
trial balance
trial balance
general ledger
general ledger
journal entry
journal entry
1 answer
1 answer