Imagine that 500 of inventory was stolen during the year, so that the figure for closing inventory

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Imagine that £500 of inventory was stolen during the year, so that the figure for closing inventory is overstated in the statement of comprehensive income. What impact would it have if the true figure were substituted?

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Business Accounting An Introduction To Financial And Management Accounting

ISBN: 9780230276239

2nd Edition

Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis

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