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Accounting (9706) 1404/02/13

9706/12 Accounting May Jun 2024 Online Test | Cambridge AS & A Level MCQ

Cambridge AS & A Level Accounting (9706) مرداد 2024 مشاهده نمونه سوال
شامل مباحث:
  تعداد سوالات: 30
  سطح دشواری: متوسط
  شروع: آزاد
  پایان: آزاد
  مدت پاسخگویی: 60 دقیقه

9706/12 Accounting May Jun 2024 Online Test | Cambridge AS & A Level MCQ
پیش نمایش صفحه اول فایل
نوع: Paper 1
ثبت شده در 13 اردیبهشت 1404
  

Jake sold a non-current asset which was not fully depreciated. He mistakenly recorded this by debiting the bank account and crediting the sales account with the proceeds.

What was the effect of this error?

1- Assets were overstated.

2- Assets were understated.

3- Profit was overstated.

4- Profit was understated.