O-LevelAccountingVerification of accounting records7707/12 · May/June 2025 · Q91 Mark
Sameer calculated that his profit for the year was $6300. He then found two errors. 1 A cheque for $3250, received from a credit customer, had only been recorded in the cash book. 2 The total of the discount allowed column in the cash book, $300, had been credited to the discount received account. What was Sameer's corrected profit for the year?
A$2450
B$2750
C$5700
D$6000
✓ Correct answer
C: $5700
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