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Failure to record the receipt of a rates and taxes bill for services already received will result in: Question 6 Answer a . An overstatement

Failure to record the receipt of a rates and taxes bill for services already received will result in:
Question 6Answer
a.
An overstatement of liabilities
b.
An overstatement of equity
c.
An overstatement of assets
d.
An understatement of assets

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