A company neglected to record services provided on credit. What would be the effect of this omission?

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A company neglected to record services provided on credit. What would be the effect of this omission? Assets would be overstated and revenues would be understated. Liabilities would be overstated and revenues would be understated. Assets and revenues would be understated. Liabilities and revenues would be understated.

Posted Date: Jun 13, 2024 05:17 PM

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A company neglected to record services provided on credit. What would be the effect of this omission?

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