25. If loss as per cost books were to be ₹13,000 and closing stock was overvalued in cost books by ₹4,000 and opening stock was undervalued in cost books by ₹5,000, the loss as per financial accounts would be :
CS Executive · Cost and Management Accounting · PYQS · June 2021
25. If loss as per cost books were to be ₹13,000 and closing stock was overvalued in cost books by ₹4,000 and opening stock was undervalued in cost books by ₹5,000, the loss as per financial accounts would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Reconciliation of Cost and Financial Accounts
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