Which of the following manipulations would understate accounts payable on the financial statements?
A)Overstatement of purchases.
B)Closing the cash disbursements journal prior to year-end.
C)Leaving the cash receipts journal open after year-end.
D)Omission of expenses.

Question

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The Answer of Which of the following manipulations would understate accounts payable on the financial statements?
A)Overstatement of purchases.
B)Closing the cash disbursements journal prior to year-end.
C)Leaving the cash receipts journal open after year-end.
D)Omission of expenses.

Which of the Following Manipulations Would Understate Accounts Payable on the Financial