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An invoice for stationery has been debited and credited to the correct accounts but has been duplicated.

An invoice for stationery has been debited and credited to the correct accounts but has been duplicated.

This would result in:
A . An overstatement of profit and an overstatement of current liabilities
B . An overstatement of profit and an understatement of current liabilities
C . An understatement of profit and an overstatement of current liabilities
D . An understatement of profit and an understatement of current liabilities

Answer: C

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