New Free Workshop on Career Opportunities in Agriculture Exams
Register

Question

Abnormal Gain is shown on the …….side of the Process A/c and the ………… side of Abnormal Gain A/c

A Credit, debit Correct Answer Incorrect Answer
B Debit, credit Correct Answer Incorrect Answer
C Debit, debit Correct Answer Incorrect Answer
D Credit, credit Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Abnormal Gain                                           i.    If Actual Loss < Normal Loss : the difference is abnormal gain                                          ii.    Abnormal Gain is shown on the debit side of the Process A/c and the credit side of Abnormal Gain A/c                                         iii.    Transferred to Costing Profit & Loss A/c

Practice Next
×
×