Question
If a purchase of supplies for $1,341 was mistakenly recorded as a credit to Supplies, but the cash paid for the supplies was correctly recorded,
| If a purchase of supplies for $1,341 was mistakenly recorded as a credit to Supplies, but the cash paid for the supplies was correctly recorded, what would be the effect on the accounting equation? Assets would be , (less than or more than) liabilities plus stockholders' equity |
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
3rd Edition
1861529465, 9781861529466
