If goods worth 1,750 returned to a supplier is wrongly entered in sales return b

MCQ Practice

If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then

Subject: AccountingTopic: Accounting

Net Profit will decrease by 3,140

Gross Profit will increase by 3,320

Gross Profit will decrease by 3,500

Gross Profit will decrease by 3,320

Correct Answer: D