Business Finance Homework Help
Business Finance Homework Help. Accounts Payable – Accounting
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 assets to be understated
b. the period end liabilities to be understated
c. the period’s net income to be understated
d. None of the above.
Business Finance Homework Help
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