Prepare a reconciliation statement from the following figures so as to ascertain the profit as per the financial accounts:
|
Loss as per cost accounts |
5,000 |
|
Closing stock undervalued in cost accounts |
2,500 |
|
Goodwill written off |
10,000 |
|
Profit on sale of machinery |
60,000 |
|
Interest on bank loan |
6,075 |
|
Works overheads over-recovered in cost accounts |
11,075 |