Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 22)
What will be the impact of the overstatement of expenses in the income statement?
Profit will be understated.
Non-current assets are understated.
Profit will be overstated.
Non-current assets are overstated.
Explanation
The overstatement of expenses has a negative impact on profit.
Comments (0)
