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13-05-2023
Mathematics

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NE ILLUSTRATION 14 The net profit shown by cost account is Rs. 1,20,000. Reconciling the cost and financial accounts fo descriptions were located: a Works overhead recovered: in financial account Rs. 30,000 and in cost account Rs. 25,000. b. Depreciation charged in financial account Rs. 20,000 and in cost account Rs. 24,000. c Income tax paid in financial account Rs. 10,000. d. Interest income credited in financial account Rs. 5,000. Required: Reconciliation statement of cost and financial account

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