It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as1,570 then

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Question:

It goods worth 1,750 returned to suppler is wrongly entered in sales returned book as1,570 then

A.

Gross profit will decrease by 3,320

B.

Gross profit will decrease by 3,500

C.

Gross profit will increase by 3,320

D.

Net profit will decrease by 3,140

Answer» a. Gross profit will decrease by 3,320

Note: The above multiple-choice question is for all general and Competitive Exams in India.