A Ltd. showed a net loss of Rs.6,30,000 as per the financial accounts for the year ended
Fantastic news! We've Found the answer you've been seeking!
Question:
A Ltd. showed a net loss of Rs.6,30,000 as per the financial accounts for the year ended 31st March,2022. The cost accounts, however, disclosed a loss of Rs.5,00,000 for the same period. On security of the two accounts, the following are available:
Factory overheads under-recovered | Rs.70,000 |
Administration overheads over-recovered | 30,000 |
Depreciation charged to financial accounts | 1,50,000 |
Depreciation charged in Cost accounts | 1,20,000 |
Interest on investment not included in Cost accounts | 30,000 |
Income tax provided in financial accounts | 1,00,000 |
Stores adjustments | 10,000 |
prepare a Memorandum Reconciliation Account.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date: