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majestico majestico
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Posts: 1455
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7 years ago
The entry to close the Income Summary to Capital was omitted, there was a net income. This error would cause:
A) the Capital account to be understated.
B) the Capital account to be overstated.
C) net income to be overstated.
D) Revenue to be understated.
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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