Question
The abnormal loss is debited to following
accounts:ÂSolution
In consignment accounting, losses are classified as: • Normal Loss → Not recorded separately • Abnormal Loss → Loss beyond normal expectations (e.g., accident, theft, fire) Abnormal loss must be recorded separately, and its effect is ultimately transferred to the General Profit and Loss Account. Why not the other options? • Consignment A/c → used to record normal consignment expenses, not abnormal loss. • Consignee → not responsible for abnormal loss unless negligent. • Insurance Company → if a claim is admitted, the insurance proceeds reduce the loss but are not debited for the loss itself.
The recent rise in fuel prices has caused widespread ______ among consumers, who are now struggling to afford basic necessities.
Each sentence contains two blanks. Choose the option that best completes the sentence logically and grammatically.
Unregulated industrial activ...
What the philosophers in question owe us is a ______________ explanation of how there can be a class of entities which do not behave like particulars.
Select the most appropriate word to fill in the blank.
We respect you but we don’t agree ______ your ideas.
Fill in the blanks with appropriate words from the alternatives given below each sentence.
He advised me, “You had better ______ now”.
Find out the most effective word from the given options to fill in the blanks of the following question.
1. Although the ______ basis for the f...
Erenda was chosen as an excavation ………… in 2017 ………. Kolkata University’s Department of Archaeology as part of its postgraduate ……�...
Choose the correct answer to fill the given blank
I'm really looking forward _____ on vacation.
T’ai Chi is a form of martial art but you don’t have to go harder or faster to reap fitness and health benefits. (_______________). Instead, it pla...
Fill in the blank with the most appropriate word.
No wonder the burglars are at large. The police is in ______ with them.
Relevant for Exams:
