Accountancy, asked by pankajjanar, 2 months ago

When Cost accounts
and Financial accounts
are maintained
separately it is
necessary to
prepare

Answers

Answered by kaviyavvks

Answer:

When cost accounts and financial accounts are maintained separately, the profit shown by one set of books may not agree with that of the other set. In such a situation, it is necessary to reconcile the results (profit/loss) shown by two sets of books.

Explanation:

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