Loss which unavoidable on account of inherent nature of production processes is

Related MCQs

• Unavoidable cause of labour turnover is:
• When actual loss is ………………than the estimated loss, the difference between the two is considered to be abnormal loss.
• A contract account is a _______ account in nature.
• …………..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.
• The budget which commonly takes the form of budgeted profit and loss account and balance sheet is
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is less than the estimated loss, the difference between the two is considered to be……………
• When actual loss is ………..than the estimated loss, the difference between the two is considered to be abnormal gain
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..