What would this error do, Sales discount correctly taken by

What would this error do

Assignment Help Financial Accounting

Reference no: EM13134712

If the adjustment for the deferral of a prepaid item was omitted what would happen to period's expenses and period end assets?

To record the expiration of part of the lease (rent) will require an adjustment of:
(assets and expenses)

Sales discount correctly taken by the charge customer was debited to sales at the time the entry was recorded- what would this error do?

Reference no: EM13134712

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What would this error do : Sales discount correctly taken by the charge customer was debited to sales at the time the entry was recorded- what would this error do?

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