Adjustment

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
January 21, 2016 at 9:49 am #296876
Abror
Member
- Topics: 75
- Replies: 38
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.
January 21, 2016 at 10:43 am #296886
John Moffat
Keymaster
- Topics: 57
- Replies: 54860
10,200 + 3,000 + 1,400 = 14,600

(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 🙂 )
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.