The accounts clerk of Sanjit plc. has recorded the purchase of computer stationery by debiting the computer equipment account, but has accurately credited to the correct account.
This would result in

Question

The accounts clerk of Sanjit plc. has recorded the purchase of computer stationery by debiting the computer equipment account, but has accurately credited to the correct account. This would result in

Answer

an overstatement of profit and an overstatement of non-current assets.

Answer

an overstatement of profit and an understatement of non-current assets.

Answer

an understatement of profit and an overstatement of non-current assets.

Answer

understatement of both profit and non-current assets.

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The accounts clerk of Sanjit plc. has recorded the purchase of computer statione...

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