Question

• profit as per financial account 2,28,000 expenses overcharged: office overheads= 25000 opening stock of
finished goods= 25000 expenses undercharged: factory overhead= 15000 closing stock of finished goods =
12000 selling overheads= 13000 calculate profit of cost account
A0 2,18,000
CO 2,17,000
B.O 2,97,000
DO 2,81,000
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Answer 1

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Answer 2

Given,

Expenses= Rs.2,28,000

Office Overheads= Rs.25000

Opening Stock of finished goods= Rs.25000

Factory overhead= Rs.15000

Closing stock of finished goods =  Rs.12000

To find out,

Profit of Cost account,

Solution,

To find this given problem, we must apply some accounting principles,

First, we have applied a formula,

Expense Overcharged  + Office Overhead + Opening stock of Finished Goods - Closing Stock of Finished goods.

⇒$Rs.$(2,22800+25000+25000+1500-12000)

⇒$Rs.$ (2,93,000-12000)

⇒$Rs$. 2,81,000

Hence, the profit as per the financial account is  $Rs$. 2,81,000