Q44
Abnormal loss and its value are _______.
A.
debited to process a/c
B.
credited to process a/c
AnswerC.
debited to costing profit and loss a/c
D.
debited to profit and loss a/c
Answer: Option B
Solution
Answer: Option B
Solution:
Abnormal loss and its value are credited to process a/c. Abnormal Loss both in terms of quantity and value is recorded by. Crediting Process a/c and; Debiting Abnormal Loss a/c.