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31 December, 08:15

If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact on the financial statements

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  1. 31 December, 08:30
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    It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.
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