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  3. 1. an expense has been charged to an asset account

1. An expense has been charged to an asset account. Explain the effect the error...

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Accounting

1. An expense has been charged to an asset account. Explain the effect the error would have on the financial statements and the process of correcting them in a hand-written journal.

2. Purchase on the account was entered as 'paid cash'. Explain the effect the error would have on the financial statements and the process of correcting them in a hand-written journal.

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