Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: upton on Jun 6, 2017



Title: The entry to close the Withdrawal account was entered in reversethe Withdrawal account was ...
Post by: upton on Jun 6, 2017
The entry to close the Withdrawal account was entered in reversethe Withdrawal account was debited and Capital credited. This error would cause:
A) net income to be understated.
B) net income to be overstated.
C) Capital to be understated.
D) Withdrawals to be overstated.


Title: Re: The entry to close the Withdrawal account was entered in reversethe Withdrawal account was ...
Post by: Ompa on Jun 6, 2017
Content hidden