Prepare a Reconciliation Statement from the following particulars:
|
Particulars |
Amount – Rs. |
|
Profit as per cost accounts |
2, 91, 000 |
|
Works overheads under recovered |
19, 000 |
|
Administration overheads under recovered |
45, 500 |
|
Selling overheads over recovered |
39, 000 |
|
Overvaluation of opening stock in cost accounts |
30, 000 |
|
Overvaluation of closing stock in cost accounts |
15, 000 |
|
Interest earned during the year |
7, 500 |
|
Rent received during the year |
54, 000 |
|
Bad debts written off during the year |
18, 000 |
|
Preliminary expenses written off during the year |
36, 000 |
|
Profit as per financial accounts |
2,88,000 |