Question

which of the following are not added in reconcile statement of net profit as per Financial accounts
1) Under Valuation of Closing stock of Financial books
2) Over valuation of Opening stock in Financial books
3) Excess Depreciation charged in Financial books
4) Over valuation of closing stock in Financial books​

Answer 1

Answer:

Hi there

Explanation:

valuation" (and any subsequent words) was ignored because we limit queries to 32 words

Answer 2

3) Excess Depreciation charged in financial books.

Excess depreciation charged in financial books is not added in reconcile statement of net profit as per financial accounts. Depreciation is part of financial accounts and only the exact amount of depreciation charged comes in financial accounts so no excess depreciation is needed. Since reconciliation is done through cost accounting, depreciation will not be added because depreciation is not a part of cost accounts. It is not related to cost and is excluded from cost accounting.