Answered: Wrong classification of imported goods…

Wrong classification of imported goods may lead to a. Goods being shipped to wrong address. b. Problem of identification of products. c. No effect d. Overpayment or underpayment of custom duty

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 1TF

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Question

Wrong classification of imported goods may lead to

a. Goods being shipped to wrong address.

b. Problem of identification of products.

c. No effect

d. Overpayment or underpayment of custom duty

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