Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 5)
What can cause assets to be undervalued?
Incorrect classification of revenue expenditure.
Incorrect classification of capital expenditure
Undervaluation of the non-current assets.
Overvaluation of the non-current assets.
Explanation
Incorrect classifications can lead to underestimation. Undervaluation of assets leads to undervalue in assets.
Comments (0)
