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The effect on profit when the closing stock is understated is
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2017
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The effect on profit when the closing stock is understated is
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Increase in profit
B
Decrease in profit
C
No change in profit
D
Appropriation of profit
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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