Although this decrease in equity theoretically resulted from the overstatement of revenue, accountants usually record it as

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Although this decrease in equity theoretically resulted from the overstatement of revenue, accountants usually record it as an account called Bad Debt Expense . The amount recorded as Bad Debt Expense would be $ . An increase in expense has the same effect on equity as a(n) [decrease / increase] in revenue.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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