If the payment of a utilities bill is not posted, assets will be overstated.
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Q17: The purchase of office equipment for cash
Q49: Double-entry accounting records only those transactions affecting
Q61: All business transactions involve an increase in
Q99: The accounting records are considered to be
Q100: If a posting error has occurred when
Q102: The retained earnings account represents the excess
Q103: A journal entry is an event that
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Q107: Debits are always recorded journalized)before credits.
Q108: Liabilities and revenues are decreased by credits.
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