A failure to record acquisitions of goods most likely will affect all but which of the following?
A) Cash.
B) Accounts payable.
C) Net income.
D) Retained earnings.

Question

Quizplus · Accepted Answer

Failing to record acquisitions of goods primarily affects accounts related to purchases and expenses (e.g., Accounts Payable and Net Income) but does not directly impact the Cash account since the error is in recording, not in the actual cash flow.

A Failure to Record Acquisitions of Goods Most Likely Will