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If a sum of 1,500 received from Laxman (debtor) has not been recorded in the books, the

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Question:

If a sum of 1,500 received from Laxman (debtor) has not been recorded in the books, the

A.

Profit would show an increase of 1,500

B.

Profit would show a decrease of 1,500

C.

Assets would show a decrease of 1,500

D.

None of the above

Answer» d. None of the above

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