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.. . From the following figures, prepare a Reconciliation Statement: Net loss as per costing records Work overheads under-recovered in costing Administrative overheads recovered in
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From the following figures, prepare a Reconciliation Statement: Net loss as per costing records Work overheads under-recovered in costing Administrative overheads recovered in excess Depreciation charged in financial records Depreciation recovered in costing Interest received not included in costing Obsolescence (loss) charged in financial records Income tax provided in financial books Bank interest credited in financial books Stores adjustment (credit) in financial books Value of opening stock in: cost accounts financial accounts Value of closing stock in: cost accounts financial accounts Interest charged in cost accounts but not in financial accounts Preliminary expenses writtwn off in financial accounts Provision for doubtful debts in financial accounts 1,72,400 3,120 1,700 11,200 12,500 8,000 5,700 40,300 750 475 52,600 54,000 52,000 49,600 6,000 800 150Step by Step Solution
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