Introduction to Accounting

label Accounting
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schedule 1 Day
account_balance_wallet $5

A credit to a liability account was posted to an owner's equity account.  This would cause:

a. assets to be overstated

b. liabilities to be understated

c. owner's equity to be understated

d. net income to be overstated

Oct 23rd, 2017

c. owner's equity to be understated

Mar 3rd, 2015

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Oct 23rd, 2017
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