When an abnormal gain in a process occurs, the accounting entry is to be made :
CS Executive · Cost and Management Accounting · PYQS · June 2019
When an abnormal gain in a process occurs, the accounting entry is to be made :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Process Costing
Related Questions in this Topic
- 79. In a machine process, the normal spoilage rate to be 2% of input. Spoiled units are sold for 50 paise each. In a per...
- 32. In a process 10000 units are introduced during a period. 10% of input is normal loss. Closing work in progress 80% c...
- 31. A process costing system for J Co. used an input of 3,500 kg of materials at ₹20 per kg and labour hours of 2,750 at...
- 30. The following data related to Process II a/c : ₹ Direct material 40,000 Direct labour 30,000 Prod...
- 29. Process A/c is credited by ..........