Introduction to Accounting

Mar 9th, 2015
Price: $5 USD

Question description

64.A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded.  This error will cause the:

a. net income for the period to be overstated

b. net income for the period to be understated

c. sales discount account to be understated

d. sales account to be overstated

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(Top Tutor) Anjum H
School: UT Austin

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