Add: Profit understated
Correct Profit
Rs.22280
Rs.84.120
TEST YOUR KNOWLEDGE
"hich of the following errors will cause the trial balance out of balance:
I Recording a transaction twice in a subsidiary book.
A debit to an incorrect expense account.
A credit to an expense account instead of credit to a revenue account.
Omission of posting discount allowed total of the u.
A credit to an asset account instead of a debit to a liability account.
Omission of posting from the purchases book to a creditor account.
Omission of recording a transaction in a subsidiary book.
Purchase of an asset entered in purchases book.
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Answer:
Please mark as brainlist please
Explanation:
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