An accrued expense amounting rm18000 was not recorded when ascertaining the profit year. The effect of this eror is that A. Net profit as well as liability are overstage B net profit is not affected but liability is understand C net profit is overstated and liability understand D. Net profit as well as liability are understated

An accrued expense amounting rm18000 was not recorded when ascertaining the profit year. The effect of this eror is that A. Net profit as well as liability are overstage B net profit is not affected but liability is understand C net profit is overstated and liability understand D. Net profit as well as liability are understated

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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