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You are an external auditor of a company. The profit and loss account of the company shows a net profit of OMR 20,000. On checking
You are an external auditor of a company. The profit and loss account of the company shows a net profit of OMR 20,000. On checking of revenue items, you have found that the accountant recorded a discount received transaction of OMR 600 as discount allowed transaction OMR 600. On rectification of error, the net profit will b d. OMR 18,200 a. OMR 20,600 c. OMR 19,400 b. OMR 21,200
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