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eFishie eFishie
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6 years ago
Glee Inc. is a manufacturer of musical instruments and its year end is September 30th. Copa Loca, a local music school, has purchased some instruments from Glee, but was not satisfied with the quality and returned the goods to Glee during the last week of September. Being very busy with year end, Glee received the goods from Copa Loca on September 30th, but only processed the returned merchandised and issued a credit note in October. This represents a
A) cut-off (allocation) misstatement.
B) understandability misstatement.
C) significant misstatement.
D) classification misstatement.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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victroxvictrox
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eFishie Author
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6 years ago
Smiling Face with Open Mouth Marking this one solved
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