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

a

#210,000

b

#202,000

c

#195,000

d

#184,000

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Correct Option
b

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