Question
The physical inventory count has been incorrectly counted resulting in the following errors. December 2018 Overstated $12,000 December 2019 Understated 11,600 December 2020 Understated 7,500
- The physical inventory count has been incorrectly counted resulting in the following errors.
December 2018 Overstated $12,000
December 2019 Understated 11,600
December 2020 Understated 7,500
Entries for 2020 with closed book and have not closed book
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
