Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Depreciation charged in costing books is $ 12,500 and in financial books is $ 11,200.What will be the financial profit when costing profit is $ 5,000?

A. $5,000

B.$  3,700

C. $6,300

D. None of the above

user-image
Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/10
Muhammad Tahir Godil
by Muhammad Tahir Godil , Financial Planning and Analysis Manager , The Court Group Of Companies

C.) $6,300 As there is difference of $1,300 B/W Costing Books & Financial Books & Financial Books Are Showing $1,300 Less Expense Than Costing That Means Profit of Financial Books Will Be Increased By $1,300

More Questions Like This