If inventory errors are said to correct themselves, why are accounting users concerned when such errors are

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If inventory errors are said to correct themselves, why are accounting users concerned when such errors are made?

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:00 AM

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Some inventory errors are said to be self-correcting in that the error has the opposite financial statement effect in the period following the error, thereby correcting the original account balance...
Some inventory errors are said to be self-correcting in that the error has the opposite financial statement effect in the period following the error, thereby correcting the original account balance...
Some inventory errors are said to be self-correcting in that the error has the opposite financial statement effect in the period following the error, thereby correcting the original account balance...
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If inventory errors are said to correct themselves, why are accounting users concerned when such errors are

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Fundamental Accounting Principles

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