Categories: Accounting WAEC

Sales account was undercast by GH¢ 1000. When this is corrected; both the gross profit and the net profit would

A. increase by GH¢2,000
B. increase by GH¢l,000
C. decrease by GH¢l,000
D. decrease by GH¢2,000

Correct Answer:

Option B – increase by GH¢l,000

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4 years ago

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