SUM – Summary of uncorrected misstatements

Net ASSETS EQUITY AND LIABILITIES

profit Debt Equity

Total uncorrected misstatements (Total SUM) + 142,710 + 142,710 +0 + 142,710 Financial statements as at:
Total reference amounts 934,348 48,609,943 44,095,154 4,514,789 12/31/2019
SUM as a % of reference amounts + 15.3% + 0.3% + 0.0% + 3.2%

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

1 Inventories
1.1) Reconciliation of general ledger and Stock inventory Goods expenses 142,710 142,710 142,710 ‘Kitchen’ inventories were forgotten.
subledgers
The following entries are made when booking incoming goods:

Stock inventory/stock expense

At the same time, the following entries are made for the invoice received:

Stock expense/creditor

The first entries were not made because of the lack of an interface. Stock
expense therefore had to be corrected in favour of stock inventory. This
boosted the company’s equity capital.

Important: If a misstatement has an influence on the profit, tax

considerations (potentially recalculating the tax provision) must be taken into
account.

Total uncorrected misstatements (Total SUM) + 142,710 + 142,710 +0 + 142,710

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