The Manufacturing Account for the Year Ended December 31, 2009
Manufacturing Account for the Year Ended December 31, 2009
The profit and loss account reveals a profit of Rs. 1,20,000 for the year 2009. In the cost accounts the valuations placed on stocks were:
|
Raw materials |
Opening stock |
50,600 |
|
Closing stock |
59,200 |
|
|
Work-in-progress |
Opening stock |
31,000 |
|
Closing stock |
39,800 |
Profit shown in the costing and profit and loss account is Rs. 1,19,400.
You are required to prepare reconciliation account.