At the end of a financial period the trading pr... - JAMB Accounting 1997 Question
At the end of a financial period, the trading profit and loss account of a company showed a profit of N120,000. It was however discovered that revenue of N12,000 was recorded as expenses while expenses of N4,000 had been recorded as revenue. What should be the correct profit for the period?
A
N104,000
B
N128,000
C
N136,000
D
N144,000
correct option: b
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