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Fast2F Fast2F
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6 years ago
The return of merchandise by a credit customer was recorded with a debit to Accounts Payable and a credit to Accounts Receivable and the subsidiary ledger. This error will cause:
A) the net income for the period to be overstated.
B) the control account to not agree with the subsidiary ledger.
C) the net income for the period to be understated.
D) the assets to be overstated.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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keytwokeytwo
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6 years ago
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Fast2F Author
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6 years ago
this is exactly what I needed
Marcie D
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This helped my grade so much Perfect
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You make an excellent tutor!
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