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  • Inventory

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    ammar ali
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    The document summarizes uncorrected misstatements found in the financial statements as of December 31, 2019. It shows that the total uncorrected misstatements results in an increase to total assets of $142,437, representing a 0.3% increase to reference amounts. The misstatement is due to an understatement of inventory being offset by an overstatement of cash.

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    The document summarizes uncorrected misstatements found in the financial statements as of December 31, 2019. It shows that the total uncorrected misstatements results in an increase to total assets of $142,437, representing a 0.3% increase to reference amounts. The misstatement is due to an understatement of inventory being offset by an overstatement of cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views1 page

    Inventory

    Uploaded by

    ammar ali
    The document summarizes uncorrected misstatements found in the financial statements as of December 31, 2019. It shows that the total uncorrected misstatements results in an increase to total assets of $142,437, representing a 0.3% increase to reference amounts. The misstatement is due to an understatement of inventory being offset by an overstatement of cash.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    SUM – Summary of uncorrected misstatements

    Net ASSETS EQUITY AND LIABILITIES

    profit Debt Equity

    Total uncorrected misstatements (Total SUM) +0 + 142,437 +0 +0


    Financial statements as at:

    Total reference amounts 12/31/2019


    934,348 48,609,943 44,095,154 4,514,789

    SUM as a % of reference amounts + 0.0% + 0.3% + 0.0% + 0.0%

    Issue General ledger Net ASSETS EQUITY AND LIABILITIES Evaluation and comments
    Debit Credit profit Debt Equity

    1 Inventories Inventory Cash + 142,437 This amount is appoximately the Kitchen Inventory

    1.1) It is unclear if Net Profit and Total Equity will increase accordingly

    1.2)

    1.3)

    1.4)

    Total uncorrected misstatements (Total SUM) +0 + 142,437 +0 +0

    Page 1 of 1

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