If an error in ending inventory in one year will have the reverse effect in the following

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If an error in ending inventory in one year will have the reverse effect in the following year, does this error need to be corrected when it is discovered?

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 13, 2023 04:45 AM

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If an error in ending inventory in one year will have the reverse effect in the following

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Agreed a mistake in the final inventory should be fixed as soon as it is fo...View the full answer

Accounting Principles Part 1

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