Q2-54. If the credit to record the purchase of supplies on account is not posted, a. liabilities
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Q2-54. If the credit to record the purchase of supplies on account is not posted,
a. liabilities will be understated.
b. expenses will be overstated.
c. assets will be understated.
d. shareholders’ equity will be understated.
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Related Book For 
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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