Q150
Value of normal loss is charged to ________.
A.
other good product
AnswerB.
trading a/c
C.
profit and loss a/c
D.
costing profit and loss a/c
Answer: Option A
Solution
Answer: Option A
Solution:
Value of normal loss is charged to other good product. The value of normal loss is assessed on the basis of the production cost with which the profit and loss account is charged.