Home » Classroom » WAEC Accounting 1991 Question

If the Opening stock is undervalued - WAEC Accounting 1991 Question

If the Opening stock is undervalued
A
goods available would be understated and gross profit overstated
B
goods available and gross profit would be understates
C
goods available would be overstated and gross profit understated
D
gross profit and goods available would be overstated
correct option: a
Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses