Determine what are the consequences

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Question 1: If there is equipment purchase on January 5, 2020, with a debt of Rp. 500,000,000 recorded by the company Dr., Equipment Rp. 500 million and Cr Cash Rp. 500 million, what are the consequences? If the company wants to make quarterly financial reports? And how do we correct if the transaction above has not been posted to the ledger and if it has been posted to the ledger?

Reference no: EM132593013

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