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

A. Net Profit will decrease by 3,140
B. Gross Profit will increase by 3,320
C. Gross Profit will decrease by 3,500
D. Gross Profit will decrease by 3,320

Right Answer: Gross Profit will decrease by 3,320

February 22, 2018   Asghar Khan    Accounting  
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