If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then
AGross Profit will decrease by 3,320
BNet Profit will decrease by 3,140
CGross Profit will decrease by 3,500
DGross Profit will increase by 3,320
Correct answer
A. Gross Profit will decrease by 3,320
Explanation
Gross Profit will decrease by 3,320 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.