Any loss over and above the normal loss is called

Related MCQs

• Normal cost of Normal output is equal to
• Normal Process Loss is
• ……………….. process loss should be transferred to costing profit and loss account
• When the actual loss is more than the estimated loss, the difference between the two is considered to be ,………………….
• Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..
• If abnormal loss has any scrap value , it should be credited to
• If the contract is almost complete , the amount of profit generally transferred to profit and loss account is equal to
• If the contract is almost complete, the amount of profit generally transferred to profit and loss account is equal to
• Units of abnormal loss is………………..in abnormal process A/c and ……………in process A/c
• The product has generally…………over the relative quantities of byproducts and the main products