Which of the following items is added to profit as per cost accounts to arrive at financial profit ? (A) Under absorbed overheads (B) Over absorbed overhead (C) Over valuation of closing stock (D) Goodwill written off
CS Executive · Cost and Management Accounting · PYQS · December 2017
Which of the following items is added to profit as per cost accounts to arrive at financial profit ? (A) Under absorbed overheads (B) Over absorbed overhead (C) Over valuation of closing stock (D) Goodwill written off
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Reconciliation of Cost and Financial Accounts
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