Question

After rectification of the following errors, effect on Net profit will be:
i) A cheque dishonoured Rs.3,100 debited to discount A/c
ii) Sales book (undercast) short by Rs.23,000
iii) A customer returned goods of value of Rs.1,200, included in stock but not recorded
a) Increased by Rs. 24,900 b) Decreased by Rs. 24,900
c) Increased by Rs. 23,700 d) No change

Answer 1

Answer:

option a is the correct answer