On 31st March, 2019, profit as per financial accounts was ₹50,000. A comparison of cost and financial accounts revealed the following: Works overheads over-absorbed in cost accounting : ₹8,500 Excess depreciation charged
CS Executive · Cost and Management Accounting · PYQS · December 2019
On 31st March, 2019, profit as per financial accounts was ₹50,000. A comparison of cost and financial accounts revealed the following: Works overheads over-absorbed in cost accounting : ₹8,500 Excess depreciation charged in cost accounts : ₹3,000 Interest on investments included in financial accounts only : ₹2,500 The profit as per cost accounts will be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Reconciliation of Cost and Financial Accounts
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