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At the end of a financial period, the tradingProfit and loss account of a sole t...


Question

At the end of a financial period, the trading

Profit and loss account of a sole trader

Shows a profit of #180,000. it is however

Discovered that revenue of #15,000 is

Recorded as expenses while expenses of

#4,000 is recorded as revenue.Determine the adjusted net profit

Options

A) #210,000

B) #202,000

C) #195,000

D) #184,000

The correct answer is B.


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