Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

An inward returns item of $\$180$ has been entered incorrectly as carriage inwards. What effect will the correction of this error have on profit?

  • Adecreased by $\$360$
  • Bincreased by $\$180$
  • Cincreased by $\$360$
  • Dno effect

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