From the following Profit and Loss Account, draw up a Memorandum Reconciliation Account, showing the Profit as per cost accounts: 

The cost accountant of the company has ascertained a profit of Rs. 19,936 as per his books.

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To Office salaries To Office expenses Profit & Loss Account (as at 31.12.2001) To Salesmen's salaries To Sales expenses To Distribution expenses To Loss on sale of machinery To Fines To Discount on debentures To Net Profit To Income Tax To Reserve To Dividend To Balance c/d Rs. 11,282 6,514 4,922 9,304 2,990 1,950 200 100 17,936 55,198 8,000 1,000 4,000 4,936 17,936 By Gross profits By Dividend received By Interest on bank deposits Net Profit Rs. 54,648 400 150 55,198 17,936 17,936