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I am very confused the counterbalance for error correction. Can anyone give me explanation? For example, on the book it says, on 12/31/ 2009 the wage expense is overstate by $100, and then on 12/31/2010 the wage expense will understate $100, so the wage expense in the beginning 2011 will be self corrected because the counter balance between 2009 and 2010.
Why is that happened automatically? It may be a very silly question to all of you, but I really fell confused when i am reading the Wiley module of error correction. Please help me out. Thanks!!!!!
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