Tax return(2/2)

 

Item			L.E
3- Goods returned and not recorded
Sales return		Ending Inventory
Sales return should be increased by its selling price increase in expenses→ \  decrease in ANP by 1400		should be included in the inventory  with its cost increase in revenues → \ Increase in ANP by 1200
Or  the profit could be deducted from ANP                (1400-1200)			(200)
Adjusted Net Profit			35,300