Closing stock was overstated. The effect is that
A amount of goods available was understated
B cost of goods sold was overstated
C amount of sales was understated
D gross profit was overstated
Answer is D
Tutors, Past Questions and Projects.
Closing stock was overstated. The effect is that
A amount of goods available was understated
B cost of goods sold was overstated
C amount of sales was understated
D gross profit was overstated
Answer is D
