Old mathjax webview Mustration 1. Starting with profit as per cost accounts. From the following data prepare a Reconciliation Statement to find profit as per Financial Accounts: Profit as per Cost Accounts 2,50,000 Works Overheads Over-absorbed 20,000 Administration Overheads under-absorbed 45,000 Undervaluation of opening Stock in Cost Accounts Bad Debts written off during the year 15,000 14,000 Preliminary Expenses written off during the year 10,000