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The inexperienced accounting clerk wrongfully entered the manager's salary of R11 000 into the insurance account. Which of the following represents the correct effect of
The inexperienced accounting clerk wrongfully entered the manager's salary of R11 000 into the insurance account. Which of the following represents the correct effect of the correction of error entry on the accounting equation? A. assets remain unchanged, equity decreases. B. assets decrease, equity increases. C. equity increase and decrease. D. assets increase, equity decreases. E. assets increase and decrease
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