Multiple Choice
A cash payment was made to pay for delivery expenses, but was mistakenly charged to Advertising Expense. What effect will this have on the trial balance?
A) Advertising Expense will be understated.
B) Delivery Expense will be overstated.
C) The trial balance will still balance.
D) Cash will be overstated.
Correct Answer:
Verified
Correct Answer:
Verified
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