Please Help!!1 Will Medal and Fan for Help !!1
The collection on an account within the 1/10 n/30 discount period was recorded using a 10% discount rather than a 1% discount in both the controlling and subsidiary accounts. This error will cause the
A. the net income for the period to be understated.
B. the net income for the period to be overstated.
C. the control account to not agree with the subsidiary ledger.
D. the assets to be overstated.

Question

Please Help!!1 Will Medal and Fan for Help !!1
The collection on an account within the 1/10 n/30 discount period was recorded using a 10% discount rather than a 1% discount in both the controlling and subsidiary accounts. This error will cause the
  A. the net income for the period to be understated. 	
  B. the net income for the period to be overstated. 	
  C. the control account to not agree with the subsidiary ledger. 	
  D. the assets to be overstated.