Question.4415 - Discussion - Chapter 6If inventory errors are said to correct themselves, why are accounting users concerned when such errors are made?
Answer Below:
If xxxxxxxxx errors xxx said xx correct xxxxxxxxxx the xxxxxxxxxx users xxx concerned xxxx such xxxxxx are xxxx because xxxx are xxxxxxxxx about xxx true xxx fair xxxx of xxx financial xxxxxxxxxx The xxxxxxxxxxxxxx of xxxxxxxxx will xxxxxxxx the xxxx of xxxxx sold xxxxxxxxxxx the xxxxxxx and xxxxx assets xxx hence xxx company xxxx pay xxxx tax xxx overstate xxxxxxxxx will xxxxxxxx the xxxx of xxxxx sold xxx overstate xxx net xxxxxx and xxxxxxx asset xx the xxxxxxx The xxxxxx inventory xxxxxx might xxxxxx such xxxxxx and xxxxxxx the xxxxxxxxxx of xxx users xxxxx the xxxxxxxxx statementsMore Articles From ACC 101 OT 1 SU24 - Accounting I
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