Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

a purchase account was recorded as a credit to the Purchases account and a debit to Accounts Payable.  This error will cause:

a. net income to be overstated

b. net income to be understaded

c. net income to not be stated

d. total assets to be overstated

Feb 21st, 2015

net income to be overstated

Feb 21st, 2015

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Feb 21st, 2015
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Feb 21st, 2015
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