Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 6,000 800 150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting

Authors: Budding, Tjerk, Grossi, Giuseppe, Tagesson, Torbj

1st Edition

0415683149, 9780415683142

More Books

Students also viewed these Accounting questions

Question

=+15. Did you create a campaign that would create buzz?

Answered: 1 week ago

Question

=+9. Did you answer the consumer's question Why buy?

Answered: 1 week ago