Q
If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then
-
A
A. Net profit will decrease by 3,140
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B
B. Gross profit will increase by 3,320
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C
C. Gross profit will decrease by 3,500
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D
D. Gross profit will decrease by 3,320
Correct Answer:
D. D. Gross profit will decrease by 3,320
