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متابعة

A Company failed to record the purchase of inventory on account at the end of 2008. In which of the following ways is the Balance Sheet misstated?

  1. Assets are understated and liabilities are overstated.
  2. Assets and shareholders’ equity are both understated.
  3. Assets, liabilities, and shareholders’ equity are all correctly stated.
  4. Assets and liabilities are both understated

 

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تم إضافة السؤال من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital
تاريخ النشر: 2016/10/18
Abdullatif Mohamed
من قبل Abdullatif Mohamed , Senior Accountant , Olaat Development

Assets and liabilities are both understated

jayalal RS
من قبل jayalal RS , Manager (HR, Accounts & Finance) , KJK FERTILITY AND RESEARCH CENTE

inflated profit will result

المزيد من الأسئلة المماثلة