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A company accountant capitalize a payment that should have been recorded as a revenue and expenditure. How will this affect the company‘s financial statements?

A company accountant capitalize a payment that should have been recorded as a revenue and expenditure. How will this affect the company‘s financial statements?
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A company accountant capitalize a payment that should have been recorded as a revenue and expenditure. How will this affect the company‘s financial statements?

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User Rakeshbs
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8.1k points

1 Answer

1 vote

Expenses-understated

Net income and payment- overstated.

Step-by-step explanation:

answered
User Ponjoh
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