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After reviewing a client's books, there is an Opening Balance Equity that was not there before. What is a possible cause? They deleted an expense
After reviewing a client's books, there is an Opening Balance Equity that was not there before.
What is a possible cause?
- They deleted an expense account that had a balance in it.
- They deleted an inventory item that has a quantity on hand.
- They deleted a balance sheet account that had a balance in it.
- They forced a bank reconciliation when the difference was not zero.
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
