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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
The return of merchandise was recorded as a debit to Accounts Payable and a credit to Purchases. This error would cause:
A) the period end liabilities to be understated.
B) the period's net income to be understated.
C) the period end assets to be understated.
D) None of these is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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keytwokeytwo
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#1
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6 years ago
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upton Author
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6 years ago
Thanks
ouasfoudgewu
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klyn
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