At the end of a financial period, the trading

profit and loss account of a sole trader

shows a profit of #180,000. it is however

discovered that revenue of #15,000 is

recorded as expenses while expenses of

#4,000 is recorded as revenue.

Determine the adjusted net profit

  • A #210,000
  • B #202,000
  • C #195,000
  • D #184,000

The correct answer is B. #202,000

No explanation given
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