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?

Question

Examsnet · Accepted Answer

Correct Answer is : Increase Rs.650

CA CPT 2013 June Question Paper Fundamentals of Accounting for online practice