Cora sent an invoice to Maria for $2000 less 20% trade discount. Cora has omitted to enter
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Cora sent an invoice to Maria for $2000 less 20% trade discount. Cora has omitted to enter the invoice in her sales journal. What effect will this have on her accounts?
Transcribed Image Text:
Debit Maria's account Credit A B understated $1600 C D understated $2000 understated $1600 understated $2000 Sales account Debit understated $1600 understated $2000 Credit understated $1600 understated $2000
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The effect of Cora omitting to enter the invoice in her sales journal will result in an un...View the full answer
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