Accounts Payable - Accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

 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.

May 15th, 2015

option cis the answer :) go for it !

May 15th, 2015

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May 15th, 2015
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May 15th, 2015
Oct 22nd, 2017
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