Multiple Choice
The entry to close the expense account(s) was entered in reverse-Income Summary was credited and the expense account(s) was/were debited. This error would cause:
A) assets to be overstated.
B) liabilities to be overstated.
C) the Capital account to be understated.
D) the Capital account to be overstated.
Correct Answer:

Verified
Correct Answer:
Verified
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