It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as1,570 then

Question

TuteeHUB · Accepted Answer

Gross profit will decrease by 3,500

TuteeHUB · Answer

Gross profit will decrease by 3,320

TuteeHUB · Answer

Gross profit will increase by 3,320

TuteeHUB · Answer

Net profit will decrease by 3,140

1.	It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as1,570 then
A.	Gross profit will decrease by 3,320
B.	Gross profit will decrease by 3,500
C.	Gross profit will increase by 3,320
D.	Net profit will decrease by 3,140
Answer» B. Gross profit will decrease by 3,500

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