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Omitting adjusting entries related to Accrued Interest due to the entity will?

A. Revenues Overstated

B. Net Income Overstated

C. Assets Overstated

D. Equity Understated

E. Liabilities Understated

Accounting Auditing Cost Accounting Budgeting Financial Accounting
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Question added by Michael Lagunday , Accountant , Dubai Camel Racing Club
Date Posted: 2015/08/09
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Sridhar Rajagopal

can you give the answer and explain how

Aqid Hussain
by Aqid Hussain , Internee , State Bank of Pakistan - Banking Services Corporation

Omitting adjusting entries related to Accrued Interest will cause the assets overstatement. 

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