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Cost Reconciliation Statement | Ashmita old is gold solution

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COST RECONCILIATION STATEMENT

Ashmita OLD IS GOLD Solution of account grade 12

NET PROFIT AS PER FINANCIAL ACCOUNT

2076 Set B Q. No. 22

Particular	Detail	Amount
Profit as per cost account		80000
Add: : - Office overhead under recovered in financial account	10000	15000
:- A profit on the sale of fixed assets was shown on the financial account	5000	15000
Less: :- Works overhead under recovered in cost account	5000	95000
:- Depreciation undercharge in cost account	6000	(11000)
Net profit as per financial account		84000

2076 Set B Q. No. 22

Particular	Detail	Amount
Profit as per cost account		122000
Add: : - Dividend received recorded in financial account	25000
:- Overvaluation of closing stock in financial account	15000	40000
Less: :- Works overhead over recorded in financial account	30000	162000
:- office overhead under-recorded in cost account	20000	(50000)
Net profit as per financial account		112000

2075 GIE Q. No. 22

Particular	Detail	Amount
Profit as per cost account		46500
Add: : - Over depreciation charge in the cost account	4000
:- Dividend credited in financial account	3000
:- Overvaluation of closing stock in financial account	6000
:- Office expense over recovered in cost account	8000	20000
Net profit as per financial account		57500

2074 Set A Q. No. 22

Particular	Detail	Amount
Profit as per cost account		60000
Add: : - Closing stock has been over valued in Financial Account	5000	5000
Less: :- Factory overhead over recovered in financial account	10000	65000
:- Selling overhead has been under recovered in cost Account	2000	65000
:- Income tax paid	7000	(19000)
Net profit as per financial account		46000

2072 Supp. Q. No. 22

Particular	Detail	Amount
Profit as per cost account		80000
Add: : - works overhead over recovered in cost account	30000	40000
:- Interest from investment	10000	40000
Less: :- office overhead overcharge in financial account	20000	120000
:- Overvaluation of opening stock in financial account	15000	(35000)
Net profit as per financial account		85000

2071 Set C Q. No. 22

Particular	Detail	Amount
Profit as per cost account		160000
Add: :- Interest from investment	3000
: - Administrative Expenses under recovered in the financial account	10000	13000
Less: :- Factory expenses under recovered in cost account	2000	173000
:- Income tax paid	12000	(14000)
Net profit as per financial account		159000

2071 Set D Q. No. 22

Particular	Detail	Amount
Profit as per cost account		20500
Add: : - Admin expenses over recovered in financial account	3000	23500
Less: :- Direct wages under recovered in cost account	3000	23500
:- Factory expenses undercharge in the cost account	3000
:- Overvaluation of closing stock in cost account	3000
:- Bank interest paid	1000	(10000)
Net profit as per financial account		13500

2068 Q. No. 22

Particular	Detail	Amount
Profit as per cost account		120000
Add: : - Depreciation overcharge in financial account	4000
:- Interest income credited in financial account	5000	9000
Less: :- Works overhead over recovered in financial account	5000	129000
:- Income tax paid in financial account	10000	(15000)
Net profit as per financial account		140000

2067 Q. No. 22

Particular	Detail	Amount
Profit as per cost account		44250
Add: : - Interest on investment receive	3500
:- Work overhead overcharged in cost account	5000
:- Undervaluation of closing stock in cost account	3000	11500
Less: :- Administration overhead over charged in Financial account	2500	55750
:- Overvaluation of closing stock in cost account	2000	(4500)
Net profit as per financial account		51250

2066 (C) Q. No. 22

Particular	Detail	Amount
Profit as per cost account		150000
Add: : - Bank interest created in financial account	6000
:- Opening stock over the show in cost account	10000
:- A profit on the sale of the machine was dealt in financial account	10000	26000
Less: :- Works overhead under recovered in cost account	15000	176000 (20000)
:- Provision for doubtful debt in financial account	5000	176000 (20000)
Net profit as per financial account		156000

2066 Supp. Q. No. 22

Particular	Detail	Amount
Profit as per cost account		150000
Add: : - Amount credited for dividend in financial account	15000
:- Depreciation show in cost account is high	9000	24000
Less: :- Factory expenses undercharge in cost account :- Goodwill written off shown in financial account	5000 8000	174000 (13000)
Net profit as per financial account		161000

2064 supp. Q. No. 22

Particular	Detail	Amount
Profit as per cost account		100000
Add: : - Administrative overhead over absorbed in cost account	8000
:- Bank interest credited in financial account	10000	18000
Less: :- Works overhead over recovered in financial account	5000	118000
:- Income tax paid	20000	(25000)
Net profit as per financial account		93000

NET PROFIT AS PER COST ACCOUNT

2075 Set A Q. No. 22

Particular	Detail	Amount
Profit as per financial account		60000
Add: : - Factory overhead under-recorded in cost account	8000	25500
:- Interest expenses recorded in financial account	3000
:- Overvaluation of opening sock in financial account	6000
:- Income tax paid	8500
Net profit as per financial account		85500

2075 Set B Q. No. 22

Particular	Detail	Amount
Net loss as per financial account		(30000)
Add: : - Income tax paid	40000
:- Administrative expenses over charged in a financial account	20000
:- Depreciation overcharged in financial account	9000	69000
Less: :- Interest on investment credited in the financial account	(5000)	39000 (5000)
Net profit as per financial account		34000

2074 Supp. Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		50000
Add: : - Overvaluation of closing stock in cost account	10000
:- Administration expenses over charged in a financial account	20000	30000
Less: :- Interest on investment	5000	80000
:- Depreciation overcharged in financial account	5000	(10000)
Net profit as per financial account		70000

2073 Supp. Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		60000
Add: :- Overvaluation of opening stock in financial account	5000	5000
Less: :- Works overhead over recovery in cost account	20000	65000
:- Depreciation overcharged in cost account	5000	65000
:- Interest received from investment	8000	(33000)
Net profit as per financial account		32000

2073 Supp. Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		60000
Add: : - Factory overhead over recovered in financial account	40000	40000
Less: :- Administrative expenses undercharged in the financial account	12000	86000
:- Closing stock overvalued in financial account	9000	86000
:- Depreciation overcharged in financial account	15000	(36000)
Net profit as per financial account		34000

2073 Set D Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		90000
Add: :- Dividend paid shown in financial account	20000	20000
Less: :- Selling expenses overcharged in cost account	10000	110000
:- Store overvalued in financial account	5000	110000
:- Interest on investment credited in financial account	15000	(30000)
Net profit as per financial account		80000

2072 Set C Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		60000
Add: : - Works overhead under recovered in cost account	5000
:- Income tax paid	15000	20000
Less: :- works overhead under recovered in cost account	3000	80000
:- Depreciation overcharge in financial account	1000	(4000)
Net profit as per financial account		76000

2072 Set D Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		200000
Add: : - Selling overhead were not recorded in the cost account :- Goodwill written off shown in	20000
financial account	5000
:- Tax paid	30000	55000
Less: :- Overvaluation of closing stock in financial account	25000	255000 (25000)
Net profit as per financial account		230000

2072 Set E Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		90000
Add: : - Overvaluation of closing stock in cost account	20000
:- Factory overhead undercharged in cost account	15000	35000
Less: :- Depreciation overcharged in cost account	10000	125000
:- Interest from investment	8000	(18000)
Net profit as per financial account		107000

2071 Supp. Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		150000
Add: : - Works overheads under recovered in cost account	10000
:- Tax paid	20000
:- Opening stock undervaluation in cost account	5000	35000
Less: :- Dividend credited in financial account	3000	185000 (3000)
Net profit as per financial account		182000

2070 Supp. Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		69000
Add: : - Administrative overhead under absorbed in cost account	2500
:- Closing stock over-evaluation in cost account	3800	63000
Less: :- Factory overhead over absorbed in cost account	800	75300
:- Selling overhead over absorbed in cost account	6500	(7300)
Net profit as per financial account		68000

2070 Set D Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		130000
Add: :- Administrative expenses Over charged in a financial account	10000
:- income tax paid shown in financial account	7000	17000
Less: :- Depreciation overcharged in cost account	8000	147000
:- Interest on investment credited in financial account	5000	(13000)
Net profit as per financial account		134000

2070 Set D Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		270000
Add: : - Administrative expenses under recovered in cost account	15000
:- Payment of dividend shown in financial account	25000	40000
Less: :- Depreciation overcharged in financial account	13000	310000
:- Bank interest credited in financial account	10000	(23000)
Net profit as per financial account		287000

2069 Supp. Set A Q. No. 22

Particular	Detail	Amount
Net profit as per financial account		70000
Add: : - Factory overhead over recovered in financial account	10000	10000
Less: :- Administrative expenses undercharged in a financial account	14000	80000
:- Closing stock overvalued in financial account	18000	80000
:- Dividend received	16000	(48000)
Net profit as per financial account		32000

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Neupane Nirmal August 5, 2021 at 7:05 AM

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