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The bookkeeper recorded insurance expense for the month as a debit to the Revenue account rather than as a debit to insurance expense. This error

The bookkeeper recorded insurance expense for the month as a debit to the Revenue account rather than as a debit to insurance expense. This error will result in:

A.

no effect on profit of the period.

B.

understated liabilities at the end of the period.

C.

understated assets at the end of the period.

D.

overstated profit for the period.

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