Prep
Bee
Pakistan
Free MCQ Practice Platform for Govt Job Exams
Home
MCQs
Quiz
Past Papers
FIA Prep
Contact
Quiz Mode
Login
Register
Preparing your study page...
Home
MCQs
Management Sciences
MEDIUM
ENGLISH
Management Sciences
The beginnings inventory of the current year is overstated by 5,000 and closing inventory is overstated by 12,000. These errors will cause the net income for the current year by
A
17,000 (overstated.
Option A
B
12,000 (understated.
Option B
7,000 (overstated.
Correct answer
D
7,000 (understated.
Option D
Correct answer: C
Explanation
No explanation provided for this MCQ yet.
Hide Answer
Hide Explanation
Start Related Quiz
Submit Correction
More MCQs