Goods purchased from Mr. A but wrongly entered in the account of Mr. B – McqOptions

MCQOPTIONS

1.	Goods purchased from Mr. A but wrongly entered in the account of Mr. B. The rec tification of error will result in
A.	increase in gross profit
B.	decrease in gross profit
C.	no effect on gross profit
D.	either A or B
Answer» C. no effect on gross profit

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