From the following figures prepare reconciliation statement: Profit as per costing records Factory overheads under-recovered in costing
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From the following figures prepare reconciliation statement:
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Profit as per costing records Factory overheads under-recovered in costing Selling and Administration overheads over-recovered in costing Bank interest credited in financial books Preliminary expenses written off in financial books Opening stock value: in cost books in financial books Closing stock value: in cost books in financial books Rs. 5,000 3,000 2,000 500 6,500 5,000 4,000 12,000 10,000
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