Question

In reconciliation, opening stock over valued in financial accounting is
added to costing profits
deducted from financial profits
added to financial loss
deducted from costing profits​

Answer 1

These should be deducted from costing profits. The following items are considered as pure financial incomes. Example- Interest on bank deposits and loans and investments, Dividend received, Profit on sale of investments and other fixed assets, Share transfer fees received, etc. These should be added to costing profits.

please follow me