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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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Posts: 1470
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7 years ago
A purchase discount was recorded as a credit to the Purchases account and a debit to Accounts Payable. This error will cause:
A) net income to not be affected.
B) total liabilities to be overstated.
C) net income to be understated.
D) net income to be overstated.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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#1
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7 years ago
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Fast2F Author
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7 years ago
Thank you, thank you, thank you!
wyq2651
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Yesterday
This helped my grade so much Perfect
AlahuKakpar
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2 hours ago
Helped a lot
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