Question
The net profit as per cost accounts is ₹2,00,000, but
financial accounts show ₹1,80,000. Upon examination, over-absorption of overheads by ₹20,000 is identified. Which reconciliation adjustment is correct?Solution
Over-absorption of overheads inflates cost profits. Hence, to reconcile with financial accounts, ₹20,000 should be deducted.
Which of the following districts of Uttar Pradesh have the highest density of population as per 2011 census?
Which district in Uttar Pradesh is famous for the Mahoba temples and Chandela architecture?
Which district of Uttar Pradesh have the largest coal reserves?
Which city is the headquarters of the North Eastern Railway zone?
Who will head the group advisory committee on compliance and regulatory matters formed by Paytm parent One97 Communications?
Who among the following personalities coined the term 'Odissi' for Odisha's classical dance?
Mangal Pandey belongs to which place of Uttar Pradesh?
Which of the following statements is accurate regarding the functions of human blood components?
Which of the following ancient monuments of India of the UNESCO World Heritage Site will have a hydraulic lift system for the visitors?
Which is the state bird of Haryana?
