Question: PRE - TEST Problem 2 5 of 1 9 If a purchase on credit is omitted from the Purchases account, the ending inventory is correct.
PRETEST
Problem of
If a purchase on credit is omitted from the Purchases account, the ending inventory is correct. The resulting error in the current year is that:
a beginning inventory is understated.
b accounts payable is overstated.
c cost of goods sold is overstated.
d income is overstated.
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