Question: An entity has made an error in the balance sheet. During the current year, a bond has been classified as a non-current liability rather than

An entity has made an error in the balance sheet. During the current year, a bond has been classified as a non-current liability rather than recording it as a current liability. However, the entity will amend this error in the next financial year (Amend as a current liability). Explain how the employees/managers will impact on this error?

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