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Author Question: The entry to close the Withdrawals account to Capital was omitted. This error would cause (Read 108 times)

lak

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The entry to close the Withdrawals account to Capital was omitted. This error would cause
◦ the Capital account to be overstated.
◦ net income to be understated.
◦ the Capital account to be understated.
◦ net income to be overstated.


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Marked as best answer by lak on Nov 11, 2019

Anna

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lak

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Reply 2 on: Nov 11, 2019
:D TYSM


Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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