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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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Posts: 1455
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6 years ago
The entry to close Income Summary (net loss) to Capital was omitted. This error will cause:
A) no error in the ending capital balance.
B) the ending capital to be understated.
C) the ending capital to be overstated.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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#1
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Posts: 676
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6 years ago
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