A-LevelAccountingReconciliation and verification9706/12 · May/June 2024 · Q71 Mark
The following errors in the accounting records have been found and corrected. 1 A purchase invoice for $250 was omitted from the books of account. 2 A sale for $120 to X was debited to the account of Y. 3 The sales journal was overcast by $100. The gross profit for the year before correcting the errors was $60 200. What is the correct gross profit for the year?
A$59 850
B$59 970
C$60 350
D$60 550
✓ Correct answer
A: $59 850
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