CA CPT Model Test Paper 9 with solutions for online practice
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Question : 55 of 199
Marks:
+1,
-0
From the given information calculate correct net profit?
Net Profit = 40000
On scrutiny following error’s detected
1. Carriage inward of Rs. 500 entered as carriage outward
2. Closing stock is overvalued by Rs 5000
3. Interest received of Rs. 100 entered as interest paid
Net Profit = 40000
On scrutiny following error’s detected
1. Carriage inward of Rs. 500 entered as carriage outward
2. Closing stock is overvalued by Rs 5000
3. Interest received of Rs. 100 entered as interest paid
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