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About LinkBacksHello,
Please answer the following question.
If the opening stock is overstated the profit will be
(a) Cancelled
(b) Understated
(c) Overstated
(d) Unchanged
Answer would be posted shortly
Thanks
Poonam
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Thread: Inventory
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13-11-08 #1
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Inventory
Last edited by Poonam; 17-11-08 at 09:07 AM.
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14-11-08 #2
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Hi
If the opening stock is overstated,
the COS will be overstated, therefore the profit will be understated
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18-11-08 #3
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my answer is also B, for the same reasons as stated in the previous post.
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20-11-08 #4
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Hi,
Thanks for your answer
Yes the right answer is
(b) Understated
Good keep it up
Thanks & Regards
Poonam
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22-01-09 #5
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Inventory
Understated.
Originally Posted by Poonam
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