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It depends on the journal entry and what accounts it would have affected. If it was just a reclassification of say, from one expense account to another, no affect. On the other hand if it were to affect two different classes of accounts, say, an asset and an expense account you could misstate the balance sheet or income statement or both.

Answered by webmasterAge : 44 1 month ago Edit Delete

Answered by webmaster 1 month ago