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Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and...

Accounts - Principles of Accounts
WAEC 2021

Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and the net profit would

  • A. increase by GH¢2,000
  • B. increase by GH¢l,000
  • C. decrease by GH¢l,000
  • D. decrease by GH¢2,000
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now