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cost of normal waste of material under contact costing is
debit to :
1)contract a/c
2) trading a/c
3) matrial a/c
4) profit and loss a/c
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Answer / h.r. sreepada bhagi
1. Cost of normal waste is to be debited to the Contract A/c
| Is This Answer Correct ? | 5 Yes | 1 No |
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
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