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    Question

    If any capital expenditure is wrongly shown as revenue

    expenditure (for example, purchase of furniture shown as purchases), it will result in an______ of profits and also an _______ of assets.
    A over statement, under statement Correct Answer Incorrect Answer
    B over statement, over statement Correct Answer Incorrect Answer
    C under statement, over statement Correct Answer Incorrect Answer
    D under statement, under statement Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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