Instant answer within 5 minutes please don't waste my turn 10. The Trading and Profit & Loss A/c of ABC Ltd. for the year ended 31.12.08 were as follows: Dr. Cr. To Purchases To Direct Wages To Manufacturing Overhead To Gross Profit c/d 1,43,000 2.000 1,45,000 59,000 42,000 By Sales 20,000 By Closing Stock 24,000 59,000 1,45,000 10,000 By Gross Profit b/d 16,000 2,000 31,000 59,000 The following information was available for the Cost Accounts: (1) Closing stock of goods 4,000. (i) Manufacturing overhead was applied @ 150% on Direct Wages. iii ) Administrative, Selling & Distribution expenses were 10% on sales. (iv) Depreciation charged 2,400. You are required to reconcile the profit of Financial Accounts with that of the Cost Accounts. To Administrative Expenses To Selling & Distribution Expenses To Depreciation To Net Profit 59,000