From the following data prepare a Reconciliation Statement: Profit as per cost accounts Works overheads under-recovered Administrative
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From the following data prepare a Reconciliation Statement:
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Profit as per cost accounts Works overheads under-recovered Administrative overheads under-recovered Selling overheads over-recovered Overvaluation of opening stock in cost accounts Overvaluation of closing stock in cost accounts Interest earned during the year Rent received during the year Bad debts written off during the year Preliminary expenses written off during the year Rs. 1,45,500 9,500 22,750 19,500 15,000 7,500 3,750 27,000 9,000 18,000
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