If an error has been made causing the EI of 20X3 to be overstated, how does it affect the following accounts in 20X3?
- BI:
- NP:
- EI:
- COGS:
- NI:
- Inventory
- RE:
- AP:
20X3:
- BI: n/e
- NP: n/e
- EI: overstated
- COGS: understated
- NI: overstated
- Inventory: overstated
- RE: overstated
- AP: n/e
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.