FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The entry to close the Withdrawals account to Capital was omitted. This error would cause A. the Capital account to be overstated B. net income to be understated OC. the Capital account to be understated OD. net income to be overstated
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Transcribed Image Text:The entry to close the Withdrawals account to Capital was omitted. This error would cause A. the Capital account to be overstated B. net income to be understated OC. the Capital account to be understated OD. net income to be overstated
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