If the loss as per cost accounts is ₹13,10,000 and closing stock is overvalued in cost accounts by ₹35,000 and factory overheads are under-absorbed in cost accounts by ₹48,000, the loss as per financial accounts will be
CS Executive · Cost and Management Accounting · PYQS · December 2021
If the loss as per cost accounts is ₹13,10,000 and closing stock is overvalued in cost accounts by ₹35,000 and factory overheads are under-absorbed in cost accounts by ₹48,000, the loss as per financial accounts will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Reconciliation of Cost and Financial Accounts
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