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 An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rectification of the error will-
  • a)
    Increase the net profit
  • b)
    Decrease the net profit
  • c)
    Increase the assets
  • d)
    Have no erect on the net profit
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rec...
Here n a/c has been debited in place of m.therefore the personal accounts got affected but not net profit.posting in another acccount doesn't mean that it effects net profit.here we post it on another account of same side.it does not effect the net profit
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Community Answer
An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rec...
This means that an amount of Rs. 8,765 was mistakenly deducted or recorded as a payment to N instead of M.
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An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rectification of the error will-a)Increase the net profitb)Decrease the net profitc)Increase the assetsd)Have no erect on the net profitCorrect answer is option 'D'. Can you explain this answer?
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An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rectification of the error will-a)Increase the net profitb)Decrease the net profitc)Increase the assetsd)Have no erect on the net profitCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rectification of the error will-a)Increase the net profitb)Decrease the net profitc)Increase the assetsd)Have no erect on the net profitCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An amount of Rs. 8,765 paid to M was debited to N’s a/c. The rectification of the error will-a)Increase the net profitb)Decrease the net profitc)Increase the assetsd)Have no erect on the net profitCorrect answer is option 'D'. Can you explain this answer?.
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