Omitting adjusting entries related to Accrued Interest due to the entity will?

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Ratio of net income to number of equity shares known as: ?
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
20-September-2014

A. Revenues Overstated

B. Net Income Overstated

C. Assets Overstated

D. Equity Understated

E. Liabilities Understated

Accounting Auditing Cost Accounting Budgeting Financial Accounting

Question added by Michael Lagunday , Accountant , Dubai Camel Racing Club
Date Posted: 2015/08/09

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2 Answers

Sridhar Rajagopal

by Sridhar Rajagopal , Financial Controller , Sai Krishna Bio Tech

can you give the answer and explain how

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by Aqid Hussain , Internee , State Bank of Pakistan - Banking Services Corporation

Omitting adjusting entries related to Accrued Interest will cause the assets overstatement.

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