Accounting for IGCSE & O level - Accounting Procedures (Section 15 - No. 24)
What will the business do if the non-current assets are understated?
Assets will be more than the original price.
Assets will be less than the original price.
The financial position will look healthier.
The company will be unable to find more funds.
Explanation
Understated assets will affect the financial position. The financial position will look unhealthy
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