Which of the following errors is not self-correcting over two accounting periods?

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A. Failure to record accrued wages. B. Failure to record depreciation. C. Overstatement of inventory.

Question ajoutée par Altaf Bhoon ACA , Assistant Finance Manager , Atlantic Maritime Group FZE
Date de publication: 2014/11/25

Apprécier (1) Vues (13) Suiveurs (5) Réponses (3) Report Question

par Muzaffar Hussain , Human Resource Officer , State Bank of Pakistan

C. Overstatement of Inventory

par syed wajid hussaini , TEAM LEADER SUPERVISOR , SAUDI GUARDIAN INTER NATIONAL FLOAT GLASS COMPANY

b failure record depreciation

par Anton Zhuravlev , Technical Consultant and Sales CEO , Royal Stables

a) internationally

Do it require any type of accounts required to be added to? Please help to edit and update wiki.
Top Answer: Eliminate Contra Accounts Voir Plus

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A corporation entered into a purchase commitment to buy inventory.
Top Answer: Neither describe the purchase obligation nor recognize a loss on the income statement or balance sheet ... Voir Plus

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A corporation entered into a purchase commitment to buy inventory.
Top Answer: answer A is the right option . Recognize a loss and a liability . Voir Plus

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Which of the following statements about a periodic inventory system is true ?
Top Answer: Thanks for Inviting: a) Companies determine cost of goods sold only at the end of the accounting period ... Voir Plus

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