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Closing stock was overstated. The effect is that
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2000
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Closing stock was overstated. The effect is that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Amount of goods available was understated
B
Cost of goods sold was overstated
C
Amount of sales was understated
D
Gross profit was overstated
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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