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At the end of a financial period, the trading profit and loss account of a sole trader ...

At the end of a financial period, the trading
profit and loss account of a sole trader
shows a profit of #180,000. it is however
discovered that revenue of #15,000 is
recorded as expenses while expenses of
#4,000 is recorded as revenue.
The revenue to be added as an adjustment is
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  • A #34,000
  • B #30,000
  • C #15,000
  • D #4,000
Correct Answer: Option B
Explanation:

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