Interested to Buy Any Domain ? << Click Here >> for more details...
IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS
IS TREATED?
- 2 Answers
- 9328 Views
- FCI, Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lokesh
for normal loss ,The Value of the goods is same but quantity
will be less from total quantity)
And Abnormal loss The Value of the goods will be less from
total value of assests, andt quantity will be less from
total quantity.
Ex. 50 Fans @ RS. 100 Each, Total RS. 50*100=5000
Normal loss 2 Fans, than Total Cost of the Fans 48 Fans @rs.
5000, and one fan cost is 5000/48=104.16
In the Case of Abnormal Loss
Total Abnormal Loss 3 Fans
Than We have only 47 fans @rs. 100 Each Total Cost is 4700
| Is This Answer Correct ? | 17 Yes | 5 No |
Answer / rajesh
normal loss means losses due to unavoidable reason where as
abnormal loss can be avoided
for the calculation of normal loss units are deducted but
the amount will be same.
for abnormal loss
abnormal loss units = normal output unit - actual out put
units
| Is This Answer Correct ? | 6 Yes | 4 No |
paid landlord rs 1.200 for rent one -third of the premises is occupied by proprietor for his own residnce what will be the entry
3 Answers Chartered Accountant,
How to group the companies in tally?
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
Where a cash discount should be recorded in a journal entry?
on what rate depreciation will be calculated?
What is accounting ethics?
How to void a payment
Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6 years. Annual depreciation under SLM will be (a) Rs.21,000 (b) Rs.20,000 (c) Rs.15,000 (d) Rs.14,000
what is contingent liabillity ?
What is debit and credit note?
What's the VAT percentage?
What is consignment cycle.?Explain the steps involved in the Consignmet..?
Audit 
