Leslie Ltd has had a trend of profits in the past five years as set out below:

During the year to 31 December 2018, you discover that inventories have been overstated by £5 000 and that, in consequence, profits have been overstated by the same amount. Would you consider that the accounts should be adjusted for the error of £5 000?

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Year to 31 December 2014 100 000 2015 125 000 2016 150 000 2017 175 000 2018 200.000