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A junior accountant records an accounting entry incorrectly by crediting cash. What effect does this have on the cash balance? The cash balance is more

A junior accountant records an accounting entry incorrectly by crediting cash. What effect does this have on the cash balance? The cash balance is more than it should be because the erroneous credit increased the cash balance. The cash balance is less than it should be because the erroneous credit entry reduced cash. There is no effect on the cash balance. The cash balance is correct

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