Question 4Inventory errors will affect all of the following except: 1 pointBalance SheetThe following month’s books Other accrued liabilitiesIncome Statement

The question is asking which of the following options will not be affected by inventory errors. The options are:

1. Balance Sheet
2. The following month’s books
3. Other accrued liabilities
4. Income Statement

To answer this question, we need to understand what each option represents:

1. Balance Sheet: This is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time. Inventory is an asset, so if there are errors in inventory, it will affect the balance sheet.

2. The following month’s books: This refers to the financial records for the next month. If there are errors in inventory, it will carry over to the next month's books.

3. Other accrued liabilities: These are liabilities that a company has incurred but has not yet paid. Inventory errors would not typically affect accrued liabilities unless the error was related to an unpaid bill for inventory.

4. Income Statement: This is a financial statement that reports a company's financial performance over a specific accounting period. Inventory errors can affect the cost of goods sold, which is reported on the income statement.

So, the answer to the question is "Other accrued liabilities" as this is the only option that would not typically be affected by inventory errors.