Posted by: Pdfprep
Post Date: June 3, 2021
An invoice for stationery has been debited and credited to the correct accounts but has been duplicated.
This would result in:
A . An overstatement of profit and an overstatement of current liabilities
B . An overstatement of profit and an understatement of current liabilities
C . An understatement of profit and an overstatement of current liabilities
D . An understatement of profit and an understatement of current liabilities
Answer: C
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