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    95070539's Avatar
    95070539 Posts: 3, Reputation: 1
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    #1

    Jun 26, 2012, 09:14 PM
    failure to record purchases on account
    Accounting equation
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 27, 2012, 08:34 AM
    Assets and Liabilities will be overstated.
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