The profit as per cost accounts in 1987 was Rs 1,65,300. The following details are ascertained on comparison of the cost and financial accounts:

Particulars Cost books Rs Financial books Rs

(a) Opening stocks Materials 32,600 33,000 Work-in-progress 20,000 21,000

(b) Closing stocks Materials 36,000 34,400 Work-in-progress 16,000 15,200 Finished goods 8,000 9,000

(c) Directors’ fees – 1,000 Interest paid 800 Reserve for bad debts 500 Transfer fees received 300 Dividends received 200

(d) Rent charged on own premises 6,000 –

(e) Preliminary expenses written off 13,000

(f ) Overheads 1,26,200 1,21,200 You are required to draw a reconciliation statement.