Question: Discussion: Inventory Errors. Minimum of 250 words with references. There may be instances of incorrect recording of inventory data in the books of account. As

Discussion: Inventory Errors. Minimum of 250 words with references.

There may be instances of incorrect recording of inventory data in the books of account. As closing inventory is carried forward in the general ledger of the next accounting period, as opening inventory, an incorrect recording of inventory in one accounting period can affect the accounts of the subsequent period.

Please discuss What are the effects of inventory errors?

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