Q159
Balance of abnormal gain a/c is transferred to ________.
A.
balance sheet
B.
debit side of profit and loss a/c
C.
credit side of profit and loss a/c
D.
costing profit and loss a/c
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Balance of abnormal gain a/c is transferred to costing profit and loss a/c. Abnormal loss is transferred to the costing P&L.