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Question Practice

What is the impact of a misclassified sale in terms of accounting records?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Trial Balance and Rectificatio...
Question Bank

What is the impact of a miscla...

Single Answer MCQ
Q-00054189

What is the impact of a misclassified sale in terms of accounting records?

1

No immediate impact

2

Affects net income

3

Disrupts cash flow

4

Increases liabilities

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