Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Q32The entry to close Income Summary (net Loss) to Capital was omitted. This error will cause:

a. the ending capital to be overstated.

b. the ending capital to be understated

c. no error in the ending capital balance

d. none of the above

Mar 1st, 2015

a. the ending capital to be overstated......................................

Mar 1st, 2015

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