Process Account is _____.

Related MCQs

• A contract account is a _______ account in nature.
• In inter process profits, the output of one process is transferred from one process to another not at …………….but at ……………….
• …………..process loss should be transferred to costing profit & loss account.
• In process costing, the abnormal loss is treated as ……….cost and written off to profit & loss account.
• ………….arises where the actual process loss is less than the normal predetermined process loss.
• An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is …………kg
• Under integrated system of Accounting , purchase of raw material is debited to which account?
• Under integrated system of Accounting , issue of raw material is debited to which account?
• In Entry under Integrated System for Cash purchase of materials for stock, ____________ account is debited.
• In Entry under Integrated System for Cash purchase of Special Materials for direct use in a Job, ____________ account is debited.