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متابعة

If the journal entry to record an accrued liability were accidentally recorded twice, it would:

a. Understate income for the year. b. Overstate income for the year. c. Have no effect on income for the year. d. Understate accrued liabilities at the end of the year.

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تم إضافة السؤال من قبل Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed
تاريخ النشر: 2014/04/27
Muhammad Zubair
من قبل Muhammad Zubair , CFO / Chief Accountant , RH Group

a. Understate income for the year. 

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

A is the correct answer.

Muhammad Akram Shahzad Mughal
من قبل Muhammad Akram Shahzad Mughal , Assist. Manager Inventory & Warehouse , KahrPlast Co.

For sure it is A) understate Income for the Year

Umer Aziz
من قبل Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Option A is Correct

مستخدم محذوف‎
من قبل مستخدم محذوف‎

A. is the right answer because it 'll overstated Expenses

Ma. Jonessa Tabaco
من قبل Ma. Jonessa Tabaco , Accountant , Addmind Concept Creation F&B Management

a. Understate income for the year because expenses are overstated for the year

Muhammad Zaheer uddin Babar
من قبل Muhammad Zaheer uddin Babar , IN-CHARGE ACCOUNTS PAYABLE , MARRIOTT HOTEL

Correct answer is Option A

mageshwaran ganesan
من قبل mageshwaran ganesan , Finance Manager , Atos

A) understate income for the year. Expense is recored twice in the books it will reduce the income in the profit and loss account. 

tamer abd el azeem
من قبل tamer abd el azeem , senior account , Arabian Trading Supplies ( Naghi Group )

Of course A

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