AC114 Unit 10 Discussion Effect of Ending Inventory Errors
Topic 1: Effect of Ending Inventory Errors
Companies can determine the effect of ending inventory errors on the balance sheet by using the basic accounting equation: Assets = Liabilities + Owner’s Equity. How would the over or understatement of inventory impact assets, liability and owner’s equity.
AC114 Unit 10 Discussion Effect of Ending Inventory Errors Answer
Welcome to the last discussion post of the term, I hope everyone has learned from this term. Good luck to you all on your journey. This has been very eye-opening for me as it has been the second time taking this course. I learned that Accounting really is not as scary as I thought it was (not being able to keep up the last time). ,………….
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