Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The following mistakes in the accounting records have been discovered and adjusted: 1. A purchase invoice for $250$ was left out of the books of account. 2. A sale for $120$ to X was entered to the debit of Y's account. 3. The sales journal was extended by $100$ too much. The gross profit for the year before the errors were corrected was $60200$. What is the gross profit for the year after correction?

  • A$59850$
  • B$59970$
  • C$60350$
  • D$60550$

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