Question
Abnormal Gain is shown on the …….side of the Process
A/c and the ………… side of Abnormal Gain A/cSolution
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
Classical production function, the point where elasticity of production remains zero is at:
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