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a. Understate income for the year. b. Overstate income for the year. c. Have no effect on income for the year. d. Understate accrued liabilities at the end of the year.
a. Understate income for the year.
A is the correct answer.
For sure it is A) understate Income for the Year
Option A is Correct
A. is the right answer because it 'll overstated Expenses
a. Understate income for the year because expenses are overstated for the year
Correct answer is Option A
A) understate income for the year. Expense is recored twice in the books it will reduce the income in the profit and loss account.
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