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Lead decision makers into making bad decisions

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lead decision makers into making bad decisions.ResourcesMiller-Nobles, T.L., Mattison, B.L., & Matsumura, E.M. (2018).Horngren’saccounting(12ed.). Retrieved from https//pearson.comth
3/19/20, 7*40 PMTopic: Week 1 - Discussion 1Page 26 of 31(https:/Eric Sumners()Feb 8, 2020CLICK TO EXPAND / COLLAPSE"Reply!Donald, good analysis of the discussion question.As we go forward it is important to knowthat revenue and expense accounts are zeroed out at the end of an accounting period (i.e.each year they start at zero).(https:/Sofina-Jo Sayama()Feb 10, 2020CLICK TO EXPAND / COLLAPSE"Reply!Hi Donald,You're right in that the best way to recognize an error in a financial report would be when thedebits and credit do not balance.At that point is when you can search and identify thesystem error.I agree with you that having inaccurate data can lead to financial decisionsbased inaccurate information.(https:/Erica Martinez()Feb 10, 2020CLICK TO EXPAND / COLLAPSE!Hi Donald,I like that you point out that it is almost as a "control" because the report will have an error issomething isn't correct.Erica Martinez
3/19/20, 7*40 PMTopic: Week 1 - Discussion 1"Reply(https://Sofina-Jo Sayama()Feb 9, 2020CLICK TO EXPAND / COLLAPSE!What accounts are included in each of the six major groups of accounts?
Page 27 of 31
State the normal balance of each of the six major groups.

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Term
Spring
Professor
N/A
Tags
Balance Sheet, Double entry bookkeeping system, Mattison

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