Accounting For Decision MakingTU Board 2023
The net loss as shown by the financial account of a company is Rs 30,000. On the reconciliation following facts were disclosed: ➤ Income tax paid Rs 40,000 shown in financial account only. ➤…
3The net loss as shown by the financial account of a company is Rs 30,000. On the reconciliation following facts were disclosed: ➤ Income tax paid Rs 40,000 shown in financial account only. ➤ Administrative expenses over charged in financial account Rs 20,000 ➤ Interest on investment credited in financial account Rs 5,000 ➤ Depreciation charged in financial account Rs 10,000 and in cost account Rs 8,000. Required: Cost Reconciliation Statement
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