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Author Question: Postings to the accounts payable ledger should be made at the end of the month only. a. True b. ... (Read 160 times)

sheilaspns

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on: Jul 5, 2018
Postings to the accounts payable ledger should be made at the end of the month only.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Miss Happ of Ace Electronics forgot to make the adjusting entry for supplies used during the accounting period. As a result of this mistake ________.
 
  A) total liabilities are too low
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low


macagn

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

B


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sheilaspns

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Reply #2 on: Jul 5, 2018
Thank you :)


macagn

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Reply #3 on: Jul 5, 2018
Happy to help you


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