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Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
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Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Merchandise sold on credit was returned for credit and recorded with a debit to Sales and a credit to Accounts Payable. This error will cause: A) the net income for the period to be overstated B) the assets to be overstated C) the net income for the period to be understated D) the control account to not agree with the subsidiary ledger Please EXPLAIN your answer!
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