you are required to reconcile the profits shown by the two sets of accounts 621984

Model: From profit and loss A/c—Preparation of reconciliation statement

The financial profit and loss account of a manufacturing company for the year ended 31 March 2010 is as follows:

The net profit shown by the cost accounts for the year is Rs. 26,250.

In comparison with the two sets of accounts, it is found that:

1. The amounts charged in the cost accounts in respect of overhead charges are as under:

1. No charge has been made in the cost accounts with respect to debenture interest.

You are required to reconcile the profits shown by the two sets of accounts.