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When closing stock is overstated, it would reduce,
Question 1
Report
When closing stock is overstated, it would reduce,
cost of sales and increase gross profit
gross profit and increase cost of sales
purchases and increases sales
sales and increase purchases
Answer Details
Read lesson note on Accounting Concepts (WAEC)
Read lesson note on Stock Valuation (JAMB)
Accounting Concepts
Stock Valuation
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