- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Just wanted to know why if the payments side of a cash book is understated by $10000 is the profit unaffected?
thanks again
Because although the balance of cash will be wrong, cash does not appear on the Statement of profit or loss (only on the Statement of financial position).
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.