Question

On scrutiny, an accountant found thati. Bad debts recovery of Rs.500 was credited to debtors A/c wronglyii. Bank charges of Rs.50 was wrongly entered twice in Cash Book.iii. Purchase returns of Rs.100 was omitted to be entered in the book of A/c’s.What is the impact on profit after rectification?a) Increase Rs.650
b) Increase Rs.350c) Decrease Rs.650
d) Decrease Rs.350

Answer 1

c.decrease RS 650 it is the best answer