An accountant is under pressure to maximize the company's net income at year-end.He is told to record expense payments made in December as if they were actually made the following January.This action would be considered unethical because it is a misrepresentation of actual transactions.

Question

Quizplus · Accepted Answer

Recording expenses made in December as if they were made in January is a misrepresentation of actual transactions, which is considered unethical. It distorts the financial statements and the true state of the company's finances.

An Accountant Is Under Pressure to Maximize the Company's Net