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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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