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Goods of Rs. 1,000 purchased from Mr. “A” 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 given options
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Goods of Rs. 1,000 purchased from Mr. “A” were recorded in...
Option a is correct. entry were recorded in sales book insted of purchase book. so credit side was increased by 2000 and gross profit will increased
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Goods of Rs. 1,000 purchased from Mr. “A” were recorded in...
Can you please provide more details?
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Goods of Rs. 1,000 purchased from Mr. “A” were recorded in sales book, the rectification of this error will?a)Increase the gross profitb)Reduce the gross profitc)Have no effect on gross Profitd)None of the given optionsCorrect answer is option 'B'. Can you explain this answer?
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Goods of Rs. 1,000 purchased from Mr. “A” were recorded in sales book, the rectification of this error will?a)Increase the gross profitb)Reduce the gross profitc)Have no effect on gross Profitd)None of the given optionsCorrect answer is option 'B'. 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 Goods of Rs. 1,000 purchased from Mr. “A” were recorded in sales book, the rectification of this error will?a)Increase the gross profitb)Reduce the gross profitc)Have no effect on gross Profitd)None of the given optionsCorrect answer is option 'B'. 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 Goods of Rs. 1,000 purchased from Mr. “A” were recorded in sales book, the rectification of this error will?a)Increase the gross profitb)Reduce the gross profitc)Have no effect on gross Profitd)None of the given optionsCorrect answer is option 'B'. Can you explain this answer?.
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