Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 34)
Drawings of \$3000 were not recorded. How will it impact draft profit in the below scenario?
No impact
Drawings were overstated by \$3000
Profit was understated by \$3000
Profit was overstated by \$3000
Explanation
In this scenario, there will be no impact.
Comments (0)
