Good morning Mr John… Net profit was calculated as being 10200.It was later discovered that capital expenditure of 3000 had been treated as revenue expenditure , and revenue receipts of 1400 had been treated as capital receipts. What is the net profit after correcting this error… Could you solve this question , please…Thank you.
(Although I don’t know why you are asking since whatever book you found the question in should also have an answer – if it doesn’t then you should be using a different book 🙂 )