Prepare a reconciliation statement from the information given below:
|
Profit as per financial accounts |
55,650 |
|
Director’s fees not charged in cost accounts |
1,950 |
|
A provision for bad and doubtful debts |
1,710 |
|
Bank interest |
90 |
|
Income tax |
24,900 |
Overheads in the cost accounts were estimated at Rs. 25,500, the charges shown by the financial accounts were Rs. 24,960; depreciation of Rs. 2,400 was provided in the financial accounts.