When loss as per cost accounts is ₹36,000 and factory overhead under absorbed being ₹1,15,000, the loss/profit as per financial accounts should be :
CS Executive · Cost and Management Accounting · PYQS · December 2018
When loss as per cost accounts is ₹36,000 and factory overhead under absorbed being ₹1,15,000, the loss/profit as per financial accounts should be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Reconciliation of Cost and Financial Accounts
Related Questions in this Topic
- 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 st...
- Reconciliation of cost and financial accounts is required, if accounts are maintained as :
- If the loss as per cost accounts is ₹13,10,000 and closing stock is overvalued in cost accounts by ₹35,000 and factory o...
- Depreciation charged in cost books is ₹15,000 and in financial books ₹10,000. What will be the profit as per financial b...
- In a reconciliation statement prepared by taking profit as per cost account as the base, overheads over-recovered in cos...