Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 48)

Advertising expenses were understated by \$300. Sales were understated by \$200. How will it impact the draft profit?
Profit was overstated by \$500
Revenue was understated by \$200
Expenses were understated by \$400
Profit was understated by \$400

Explanation

Profit was understated by \$400.

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