Accounting for IGCSE & O level - Accounting Procedures (Section 1 - No. 23)
Repairs \$200 were debited to the premises account. How will it impact draft profit?
Expenses were understated by \$200
Profit was understated by \$400
Profit was understated by \$200
Expenses were overstated by \$200
Explanation
Profit was understated by \$200.
Comments (0)
