Vidyalelo
Commerce · Q152

Costing

Graduate and Post Graduate · Commerce · question 152

Q152

Actual loss is less than the predetermined normal loss, it is ________.

A.
normal loss
B.
abnormal loss
C.
seasonal loss
D.
abnormal gain
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Actual loss is less than the predetermined normal loss, it is abnormal gain. If the actual loss is more than normal loss, then it is abnormal loss.