On 31st March, 2015, profit as per financial accounts was ₹50,000. A comparison of cost and financial accounts revealed the following: Works overheads over-absorbed : ₹8,500 Excess depreciation charged in cost accounts :
CS Executive · Cost and Management Accounting · PYQS · June 2015
On 31st March, 2015, profit as per financial accounts was ₹50,000. A comparison of cost and financial accounts revealed the following: Works overheads over-absorbed : ₹8,500 Excess depreciation charged in cost accounts : ₹3,000 Interest on investments included in financial accounts only : ₹2,500 From the above information, the profit as per cost accounts will be —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Cost Accounting vs Financial Accounting
Related Questions in this Topic
- Which of the following items are purely financial incomes —
- 100. .......... method of cost is adopted when by-products are utilised by the factory itself as input for some other pr...
- 99. A factory is currently working at 50% of its capacity. At this level the variable, semi-variable and fixed expenses ...
- 98. To which of the following companies, the requirement of Cost Audit is not applicable even if they are covered under ...
- 97. The most suitable method for calculating the issue price of slow-moving material is: