Accounts Payable - Accounting

User Generated

njevtug5

Business Finance

Description

 The return of merchandise was recorded as a debit to Accounts Payable and a credit to  Purchases. This error would cause:

a. the period end assets to be understated

b. the period end liabilities to be understated

c. the period’s net income to be understated

d. None of the above.

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Explanation & Answer

option cis the answer :) go for it !


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