Goods of ₹ 5, 000 purchased from Mr.B were recorded in sales book, the rectification of this error will ________.
A. Increase the gross profit
B. Reduce the gross profit
C. Have no effect on gross profit
D. None of the above
Answer:B
Goods of ₹ 5, 000 purchased from Mr.B were recorded in sales book, the rectification of this error will ________.
A. Increase the gross profit B. Reduce the gross profit C. Have no effect on gross profit D. None of the above