Prepare a reconciliation statement from the following figures and ascertain the profits as per financial books: ₹ Loss as per cost accounts 50,000 Under-valuation of closing stock in cost accounts 25,000 Preliminary expe
CS Executive · Cost and Management Accounting · PYQS · December 2013
Prepare a reconciliation statement from the following figures and ascertain the profits as per financial books: ₹ Loss as per cost accounts 50,000 Under-valuation of closing stock in cost accounts 25,000 Preliminary expenses written-off in financial books 10,000 Profit on sale of furniture recorded in financial books only 6,000 Interest on bank loan 6,075 Factory overheads over-absorbed 11,075
Topics: Reconciliation of Cost and Financial Accounts
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