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The accounts of a business have been prepared, but no adjustments have been made for accrued expenses at the end

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The accounts of a business have been prepared, but no adjustments have been made for accrued expenses at the end of the year. 

What effect will these omissions have on the accounts?

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Net profit A overstated Current assets Current liabilities no effect understated B understated no effect. overstated rested understated no effect C D understated overstated no effect

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Accounting A Level And AS Level

Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Details
Chapter # 10- Accurals and prepayment
Section: Multiple Choice Questions
Problem: 4
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Question Posted: August 27, 2023 09:15:59
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