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Q15. A business received a delivery of goods on 29 June 206, which was included in inventory at 30 June 206. The invoice for the
Q15. A business received a delivery of goods on 29 June 206, which was included in inventory at 30 June 206. The invoice for the goods was recorded in July 206. What effect will this have on the business? 1 Profit for the year ended 30 June 206 will be overstated. 2 Inventory at 30 June 206 will be understated. 3 Profit for the year ending 30 June 207 will be overstated. 4 Inventory at 30 June 206 will be overstated. A 1 and 2 BC2and31only CD1only1and4 (2 mal
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