Statement I: Losses or gains arising out of atmospheric conditions are the losses or gains due to unavoidable causes. Statement II: Differences due to unavoidable causes should be valued and adjusted through the stores c
CS Executive · Cost and Management Accounting · PYQS · June 2019
Statement I: Losses or gains arising out of atmospheric conditions are the losses or gains due to unavoidable causes. Statement II: Differences due to unavoidable causes should be valued and adjusted through the stores consumption account and recovered in cost as an item of stores overhead expenses. Select the correct answer from the options given below:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Material Cost
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