What is his revised profit for the year


Problem: Angostura Tanduay calculated that his profit for the year was $65,285. His Trial Balance Debit total was $ 212 000 and the credit total was $ 295 000 He then found the following errors: 1. A sale of goods $ 22 000 to Zacapa Bumbu, a trader, was recorded corrected in the sales account but debited twice to Zacapa Bumbu's account. 2. the entry for depreciation $ 4 200 was made correctly in the accumulated depreciation account, and was entered on the wrong side of the depreciation expense account. 3. Stationery bought on credit from Imperial Blue for $14 300 but recorded it as $31 400 in the books When he corrects the errors, what is his revised profit for the year? $... Exclude $, and space. Example $6, 500 input as 6500

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is his revised profit for the year
Reference No:- TGS03417139

Expected delivery within 24 Hours