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05 June 2017 A cheque for Rs500 received from Yuvraj & Co. was dishonoured and debited to Discount Account. Due to rectification of this error, net profit will be ?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 Decreased by Rs.500/-
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Choudhury Bhabani Sankar

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Choudhury Bhabani Sankar (Querist)
05 June 2017 mam can you please explain.



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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 When a cheque dishonored it w
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Choudhury Bhabani Sankar

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Choudhury Bhabani Sankar (Querist)
05 June 2017 But mam here in the options there is only given a)decrease by 1000
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Choudhury Bhabani Sankar

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Choudhury Bhabani Sankar (Querist)
05 June 2017 b) increase by 500 c) increase by 1000 & d) no change mam answer is given as b) increase by 500.
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Choudhury Bhabani Sankar

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Choudhury Bhabani Sankar (Querist)
05 June 2017 mam that second part of the question is not understandable.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 Exactly mention the ques




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