From the following figures prepare a reconciliation statement:
|
Rs |
|
|
Net loss as per costing records |
1,72,400 |
|
Works overheads under recovered in costing |
3,120 |
|
Administrative overheads recovered in excess |
1,700 |
|
Depreciation charged in financial records |
11,200 |
|
Depreciation recovered in costing |
12,500 |
|
Interest received notincluded in costing |
8,000 |
|
Obsolescence loss charged in financial records |
5,700 |
|
Income tax provided in financial books |
40,300 |
|
Bank interest credited in financial books |
750 |
|
Stores adjustments (credit) in financial books |
475 |
|
Value of opening stock in: |
|
|
Cost accounts |
52,600 |
|
Financial accounts |
54,000 |
|
Value of closing stock in: |
|
|
Cost accounts |
52,000 |
|
Financial accounts |
49,600 |
|
Interest charged in cost accounts but not in financial accounts |
6,000 |
|
Preliminary expenses written off in financial accounts |
800 |
|
Provision for doubtful debts in financial accounts |
150 |