Reconciliation of Cost Sheet

_____ facilitates internal control.

• reconciliation
• Overvaluation
• Computation
• None of the above

Dividend received is shown in _____ accounts only.

• financial
• Cost
• Balance Sheet
• Ignored

Overheads recovered in costing is more than actual it is called _____.

• overabsorption
• underabsorption
• Both a & b
• None of the above

Less overheads recovered in costing is called _____.

• underabsorption
• overabsorption
• Both a & b
• None of the above

Donations paid reduces _____ profit.

• financial profit
• Ignored in costing
• costing profit
• Both a & b

Interest on capital reduces _________ profit.

• Costing profit
• financial profit
• Assets
• None of the above

Underabsorption of overheads in costing increases _____ profit.

• costing
• financial
• Assets
• None of the above

Premium on issue of shares is shown in _____ P & L A/c.

• Financial
• costing
• Ignored
• None of the above

Notional Rent is taken in _____ P & L A/c.

• Costing
• financial
• Ignored
• None of the above

Interest on investment increases _____ profit.

• Financial
• Costing
• Assets
• None of the above