The following errors were detected in the books of Shreay Ltd. while preparing the final accounts:(i) A Cheque received for ~ 3,100from Franc & Co. was dishonoured and debited to discount account(ii) The sales account has been totalled short by ~ 23,000(iii) Goods' of ~ 1,200 returned by Kumar & Sons were included in stock but no entry was made in the books.After rectifying above mistakes, net profit will. *
(a) Increase by ~ 24,900
(b) Decrease by ~ 24,900
(c) Increase by ~ 27300
(d) Increase by ~ 23,700
1 answer