Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS
IS TREATED?

Answers were Sorted based on User's Feedback



IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED?..

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

IN PROCESS ACCOUNTING, HOW ABNORMAL LOSS & ABNORMAL LOSS IS TREATED?..

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

Post New Answer

More Accounting General Interview Questions

if my salary is 12000 per month how much i will get after deducting PF an ESI

0 Answers  


what is a register when referring to accounting or bookkeeping?

0 Answers  


types of account

1 Answers  


in terms of accounting the trial balance when is it taken?

0 Answers  


What is LIFO and FIFO ?

5 Answers  


2. Cash Break Even: SIPW Company sell windows. Windows are sold for $ 25/- each. Variable cost is $ 15/- per door and total Fixed Operating Costs are $ 50,000 /- which includes depreciation in the amount of $ 2,000/-. How many units of windows the company has to sell for Cash Break Even?

2 Answers  


who is the best faculty in hyderabad for sap fico with real time exerience. if you know please send me his contancts

0 Answers  


Reports in Accounts Payable

0 Answers   Accenture,


being a b.sc(biotechnology) student, am i eligible to work in accounting sector. If yes what all i need to do.???

1 Answers  


what is the t code for report of miro booking & fb60?

1 Answers  


Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .

3 Answers  


List out things that fall under intangible asset?

0 Answers  


Categories