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Make credit amount of an entry to record payment of salary

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Question 1: If the credit amount of an entry to record the payment of salaries was not posted:

a) assets would be overstated and owners' equity would be overstated.

b) liabilities would be understated and owners' equity would be overstated.

c) expenses would be understated and owners' equity would be understated.

d) there would be no effect on shareholders' equity.

e) None of the above.

Reference no: EM132607995

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