A11illustration The financial Profit and Loss Account of a Manufacturing Company for the year ended 31st March, 1979 is as follows: Rs. 1,24,000 To Materials consumed Carriage inwards Works expenses Direct wages - Administration expenses Selling and Distribution expenses Debenture interest Net profit Rs. 50,000 By Sales 34.000 12,000 1.000 4,500 6,500 1,000 15,000 1,24,000 1,24,000 The Net Profit shown by the cost accounts for the year is Rs. 16,270, upon detailed comparison of the two sets of accounts it is found that: (a) The amounts charged in the cost accounts in respect of overhead charges are as follows: Works overhead charged Rs. 11,500 Office overhead charges Rs. 4,590; Selling and distribution expenses Rs 6,640. (6) No charge has been made in the cost accounts in respect of debentures interest. You are required to reconcile the profits shown by the two sets of accounts