The process A/c is debited with

Related MCQs

• When a contract is debited with the original cost of the plant , it should credited with ………… at the end of the year
• In ………… costing separate account “ process A/C ” is kept for each process
• Cost of one process may be transferred to the next process at
• Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c
• Average unit cost for each process is calculated by dividing ……………..by …………….
• ……………….. process loss should be transferred to costing profit and loss account
• The cost of ……….. process loss is absorbed in the cost of production of good units
• Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..
• Work in the process of completion
• The work in the process of completion is known as …………….