Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
A) abnormal loss
B) normal loss
C) abnormal gain
D) normal gain
Correct Answer:
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Q15: When actual loss is................than the estimated loss,
Q16: When actual loss is..........................than the estimated loss,
Q17: When 1000 units are 60% complete in
Q18: Equivalent units represent the production of a
Q19: .............……….process loss should be transferred to costing
Q20: The cost of......................process loss is absorbed in
Q21: In inter process profits, the output of
Q23: In process costing, the abnormal loss is
Q24: The process costing is not used in
Q25: …..arises where the actual process loss is
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