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The profit shown in the financial accounts of MRM Co Ltd for the year ended 31st December 2002 is Shs 18,592,000. The cost accounts for...

      

The profit shown in the financial accounts of MRM Co Ltd for the year ended 31st December 2002 is Shs 18,592,000. The cost accounts for the same period reflected a profit of Shs 20,496,000. Comparison of the two set of accounts revealed the following:
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Dividends and interests received of Shs 500,000 and Shs 52,000 respectively were reflected in the
financial accounts. The company disposed a production machine costing Shs 5 million for Shs 0.25
million. It had been depreciated to the extent of Shs 3 million.

Required;
Prepare reconciliation for the cost and financial profits for the period.

  

Answers


Kavungya
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Kavungya answered the question on December 15, 2021 at 10:36


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