` 5,000 paid as local cartage on material purchased. However this amount was booked under Miscellaneous Expenses A/c instead of on Carriage Inward. Due to this error net profit and loss will-

Question

Quizplus · Accepted Answer

Booking the `5,000 under Miscellaneous Expenses instead of Carriage Inward does not affect the total expenses, hence the net profit or loss remains unchanged.

` 5,000 Paid as Local Cartage on Material Purchased