Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Kate’s draft profit for the year came to $9800. She later found these errors. 1. Sales worth $120 had been entered as commission income. 2. A computer repair costing $95 had been entered as computer equipment. What is Kate’s revised profit for the year after the errors are corrected (ignore depreciation)?

  • A$9585
  • B$9705
  • C$9825
  • D$9895

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