Question
Langley Company received merchandise on December 31, 2014. Langley failed to record the purchase on account because the invoice was inadvertently destroyed. The merchandise was,
Langley Company received merchandise on December 31, 2014. Langley failed to record the purchase on
account because the invoice was inadvertently destroyed. The merchandise was, however, included in ending
inventory. The effect of this event on the financial statements as of December 31, 2014, would be
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
