AccountingQueen

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Teaching Since: Jul 2017
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  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,
    Feb-1999 - Mar-2006

  • MBA.Graduate Psychology,PHD in HRM
    Strayer,Phoniex,University of California
    Feb-1999 - Mar-2006

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    LSGH LLC
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Category > Accounting Posted 08 Aug 2017 My Price 5.00

Inventory errors

Inventory errors can be viewed as self-correcting in the sense that they will have the opposite financial statement effect in the periods following the error, thus correcting the original account balance errors.

In terms of this correcting feature, describe two or three reasons why inventory errors should not be ignored. Then describe the steps needed to correct these errors.

Write 2-3 paragraphs as needed in a Word document.

Answers

AccountingQueen
(3)
Status NEW Posted 08 Aug 2017 04:08 PM My Price 5.00

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