explain reason for difference between cost profit and financial profit Hindi me answer
Answers
Answered by
0
Answer:
In cost account, overheads are charged on the basis of predetermined percentage. But in financial account they are charged with the actual amount. This results over or under absorption of overheads in cost account and may be the main reason for difference in profits disclosed by cost account and financial account.
Explanation:
- hope it is correct.....
Similar questions