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Mr. Wong paid $3,000 in advance for insurance on 1 December 2001 and debited it
Mr. Wong paid $3,000 in advance for insurance on 1 December 2001 and debited it
游客
2025-06-21
28
管理
问题
Mr. Wong paid $3,000 in advance for insurance on 1 December 2001 and debited it to Insurance Expense. No entries were made subsequently in 2001 or in 200The accounting period ends on December 3As a result of this error ______.
选项
A、2001 income was understated $2,000.
B、2002 income was understated $2,000.
C、2001 income was understated $3,000.
D、2002 income was understated $3,000.
答案
A
解析
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