What is ordinarily the primary concern when auditing the income statement?

Question

A) Overstatement of Revenues, Expenses and Net Income.

B) Overstatement of Revenues and Expenses, and understatement of Net Income.

C) Overstatement of Net Income and understatement of Revenues and Expenses.

D) Overstatement of Revenues and Net Income, and understatement of Expenses.

E) None of the above.

Arslan Ali Khan ali · Answer

D) overstatement of revenues and net income, and understatement of expenses

Riaz Ahammed · Answer

Overstatement of Revenues and Net Income, and understatement of Expenses is the right answer.

Utilisateur supprimé · Answer

C) Overstatement of Net Income and understatement of Revenues and Expenses.