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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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7 years ago
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.
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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