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If a Legitimate Expense Is Not Accrued at the End

Question 3

Multiple Choice

If a legitimate expense is not accrued at the end of the accounting period,the result will be an


A) understatement in liabilities and an overstatement in profit.
B) overstatement in liabilities and an understatement in profit.
C) overstatement in assets and profit.
D) understatement in assets and profit.

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