A business has calculated its draft profit for the year as $15000. The following were then
discovered.
1 General expenses were understated by $600.
2 The sales journal total of $55 690 had been posted to the sales account as $56 590.
3 Repairs to vehicles of $1100 had been entered in the vehicles (at cost) account.
4 The salaries account included travelling expenses of $2400 paid to the salesmen.
What was the correct profit for the year?
$12400
2 )
$13600
3 )
$14200
4 )
$14800
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