Overview of Cost and Management Accounting

Costing - Phase (I & II)

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Overvaluation of opening stock in financial accounting results ________.

decreases costing profit

decreases financial accounts profi

increases costing profit

increases financial accounts profit

Explanation:

Overvaluation of opening stock in financial accounting results decreases financial accounts profit. Overvalued opening inventory means understated profit and and undervalued opening inventory means high profit.

By: honey kaundal

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