📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    When profits as per cost accounts differ from financial

    accounts, the difference may be due to:
    A Only cash transactions Correct Answer Incorrect Answer
    B Difference in overhead absorption Correct Answer Incorrect Answer
    C Errors in financial accounts only Correct Answer Incorrect Answer
    D Same accounting base Correct Answer Incorrect Answer

    Solution

    Major cause is over/under absorption of overheads and items recorded only in financial accounts (e.g., interest, income tax).

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call