Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

A trader drew up a draft income statement that reported a profit for the year of $\$36\,000$. An examination of the records disclosed the following information.

  • A$\$34\,720$
  • B$\$36\,520$
  • C$\$37\,000$
  • D$\$37\,280$

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