Companies can determine the effect of ending inventory, Accounting Basics

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Companies can determine the effect of ending inventory

Companies can determine the effect of ending inventory errors on the balance sheet by using the basic accounting equation: Assets = Liabilities + Owner's Equity. How would the over or understatement of inventory impact assets, liability and owner's equity.

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Accounting Basics: Companies can determine the effect of ending inventory

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Accounting Basics: Companies can determine the effect of ending inventory

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