Question

The net profit of a firm was shown as Rs 2000 and it was later discovered that Discount received were
under cast by Rs 200 and purchases were understated by Rs 150. The corrected net profit was.
(A) Rs 1950
(B) Rs 2050
(C) Rs 1850
(D) Rs 1800​

Answer 1

Answer:(a) Rs 1950

The net profit of a firm was shown as Rs 2000 and it was later discovered that Discount received were

under cast by Rs 200 and purchases were understated by Rs 150. The corrected net profit was.

(A) Rs 1950

(B) Rs 2050

(C) Rs 1850

(D) Rs 1800