question_answer

The net profits for the last 3 years were: 2018-19 Rs.82,000; 2019-20 Rs.66,400 and 2020-21 Rs.70,000. On 1st October 2019, furniture costing Rs.30,000 was purchased and wrongly debited as office Expenses Account. "Depreciation on furniture was to be charged @ 20% p.a. on written down value method. Adjusted average profit will be:

A) 66,000

B) 78,000

C) 71,000

D) 80,000