Accounting for IGCSE & O level - Accounting Procedures (Section 15 - No. 16)
A sales commission of £160 amount was misposted as £400. What impact did it make to the draft profit?
Income and profits are understated by £240
Income and profits are understated by £160
Income and profits are overstated by £240
Income and profits are overstated by £160
Explanation
The profit decreases by 240 since the expense was overstated.
Comments (0)
