Question

In reconciliation statement, depreciation overcharged in
financial accounts is
OPTIONS
a.
added to financial profit
b.
deducted from financial profit
c. ignored
d. added to costing profit​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

option b

Explanation:

Over or under-recovery of depreciation:

This results in charging different amounts of depreciation in the two sets of account books. The depreciation charged in cost accounts will be more. Effect on profit – Cost profit less and financial profit more. Effect on profit – Cost profit more and financial profit less.