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

Question

Examsnet · Accepted Answer

Correct Answer is :  Increased by Rs. 24,900

CA CPT 2014 June Question Paper Fundamentals of Accounting for online practice