£12,000 received from a credit customer was posted to the debit of the customer’s account. Resultant difference in the Trial Balance was placed in a Suspense account and then that balance adjusted with Sundry expenses. The impact of correction:

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a Gross profit Net profit -£24,000 -£24,000 -£12,000 -£12,000 +£12,000 +£12,000 -£24,000 -£24,000 b-£12,000 C +£12,000 d -£24,000 Net assets