試題詳解

7. The failure to record a purchase of merchandise on account even though the goods are properly included in the physical inventory results in
(A) an overstatement of assets and net income.
(B) an understatement of liabilities and an overstatement of equity.
(C) an understatement of cost of goods sold and an overstatement of assets.
(D) an understatement of assets and net income.