While taking a physical inventory, a company counts its inventory as less than the actual amount on hand. How will this error affect the income statement?

Name: While taking a physical inventory, a company counts its inventory as less than the actual amount on hand. How will this error affect the income statement?
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The Answer of While taking a physical inventory, a company counts its inventory as less than the actual amount on hand. How will this error affect the income statement?

While Taking a Physical Inventory, a Company Counts Its Inventory