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24) A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause:
24) A sales discount correctly taken by the charge customer was debited to Sales at the time the entry was recorded. This error will cause: A) the net income for the period to be understated. B) the net income for the period to be overstated. C) the control account to not agree with the subsidiary ledger. D) the sales account to be understated.
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
