The Inclusion of Invalid Sales in the Client's Accounting Records

question 28

Multiple Choice

The inclusion of invalid sales in the client's accounting records leads to an:

• A) understatement of assets and overstatement of income.
• B) overstatement of assets and understatement of income.
• C) overstatement of assets and income.
• D) understatement of assets and income.

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Definitions:

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