The owner of a business has taken goods for his own use but no entry has been made in the books to record this What is the effect of this on the Balance Sheet Stock A no effect B no effect C overstated D overstated Capital no effect overstated no effect overstated...

The correct answer is D overstated When the owner of a business takes goods for personal use and doe ...

The owner of a business has taken goods for his own use but no entry has been

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The owner of a business has taken goods for his own use but no entry has been made in the books to record this. What is the effect of this on the Balance Sheet?

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 27, 2023 09:04 AM

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The owner of a business has taken goods for his own use but no entry has been

Question:

Stock A no effect B no effect C overstated D overstated Capital no effect overstated no effect overstated

Step by Step Answer:

The correct answer is D overstated When the owner of a business takes goods for personal use and doe...View the full answer

Accounting A Level And AS Level

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