Multiple Choice
At year-end it was forgotten to accrue an income item.This will result in an:
A) Understatement of assets and an overstatement of profit and equity
B) Overstatement of liabilities and an understatement of profit and equity
C) Overstatement of assets,profit,and equity
D) Understatement of assets,profit,and equity
Correct Answer:
Verified
Correct Answer:
Verified
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