RaviRavi Staff asked 7 months ago

110. Suddenly increasing useful life to reduce
depreciation and increase profits, increasing %
completion of WIP to increase profits. Identify to
what the above transaction relates to the most?
a) Omission
b) Manipulation
c) Misapplication
d) None of the above
Answer:- c) Misapplication

1 Answers
RaviRavi Staff answered 7 months ago

MCQ revised for better understanding:-
Suddenly increasing useful life to reduce depreciation and increase profits, increasing % completion of WIP to increase profits .Identify to what the above transaction relates to the most?
a)Omission(Left out)
b)Manipulation(Falsify)
c)Misapplication(Judgement)
d)None of the above.
Answer:- c)Misapplication(Judgement)

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