Depreciation charged in cost books is ₹15,000 and in financial books ₹10,000. What will be the profit as per financial books when profit as per cost books is ₹18,500?
CS Executive · Cost and Management Accounting · PYQS · December 2020
Depreciation charged in cost books is ₹15,000 and in financial books ₹10,000. What will be the profit as per financial books when profit as per cost books is ₹18,500?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Reconciliation of Cost and Financial Accounts
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