A business has calculated its draft profit for the year.
The following information was then discovered.
1 Closing inventory had been overvalued.
2 Irrecoverable debts needed to be written off.
3 Depreciation of non-current assets needed to be reduced.
What is the effect on the profit for the year when these items are adjusted?
A
2 )
B
3 )
C
4 )
D
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