Reconciliation between cost accounting abd financial accounting
This query is : Resolved
04 March 2015
hi friends,
if my costing books shows closing stock of finish goods of rupees 40000 and my financial book shows closing stock of rupees 60000...is my closing stock overvalued by rupees 20000? what's the logic behind that if reconciling the profit as per cost record with the profit as per financial records.
Amol S Joglekar
(Expert)
04 March 2015
superlative degree is to be used cautiously.
The costman will say that it is overvalued while financeman is boud to say that it is undervalued.
Which side of the table you are standing is very important.
The costman will say that it is overvalued while financeman is boud to say that it is undervalued.
Which side of the table you are standing is very important.
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