The accountant failed to make the adjusting entry to record the amount of interest owed on a note to the bank at the end of the year.This error would cause an overstatement of
A)assets
B)expenses
C)liabilities
D)owners' equity

Question

Quizplus · Accepted Answer

The Answer of The accountant failed to make the adjusting entry to record the amount of interest owed on a note to the bank at the end of the year.This error would cause an overstatement of
A)assets
B)expenses
C)liabilities
D)owners' equity

The Accountant Failed to Make the Adjusting Entry to Record