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Question

A sale of Rs. 5250 on credit entered in the Sales Book as Rs.2,550. The effect of this mistake on the Gross Profit shall be ___ .


A

No effect on the Gross Profit

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B

Increase in Gross Profit by Rs 2,700

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C

Decrease in Gross Profit by Rs 2,700

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D

Increase in Gross Profit by Rs 5,250

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