MCQOPTIONS
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				| 1. | 
                                    ` 5,000 paid as local cartage on material purchased. However this amount was booked under Miscellaneous Expenses A/c instead of on Carriage Inward. Due to this error net profit and loss will | 
                            
| A. | Increase by ` 5,000 ; | 
| B. | Decrease by ` 5,000 ; | 
| C. | Increase by ` 10,000 ; | 
| D. | not be affected at all | 
| Answer» E. | |