The Bookkeeper Recorded Wages for the Month as a Debit

question 10

Multiple Choice

The bookkeeper recorded wages for the month as a debit to the Sales account rather than as a debit to Wages Expense.This error will result in:

• A)Overstated profit for the period
• B)Understated equity at the end of the period
• C)Understated assets at the end of the period
• D)No effect on profit of the period

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