Discount allowed 6,000 was wrongly recorded as discount received by Das Brothers. What is the effect on

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Discount allowed ₹6,000 was wrongly recorded as discount received by Das Brothers. What is the effect on net profit of Das Brothers?

(a) Net profit is understated by ₹12,000.

(b) Net profit is understated by ₹6,000.

(d) Net profit is overstated by ₹12,000.

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Financial Accounting For Management

ISBN: 9789385965661

4th Edition

Authors: Neelakantan Ramachandran, Ram Kumar Kakani

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Question Posted: Aug 23, 2023 06:17 AM

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Discount allowed 6,000 was wrongly recorded as discount received by Das Brothers. What is the effect on

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The correct answer is c Net profit is overstated by 6000 T...View the full answer

Financial Accounting For Management

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