What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY

0 Answers   Wipro,


What is ERS(Evaluated Receipt Settlement) in Accounts Payable? How is it related to 2 way matching?

1 Answers   Genpact, Jenpac,


why should we treat closing stock credit side in trading account , and why the reason the closing stock should not appear in the trial balance ?

3 Answers   Capital IQ, XL Dynamics,


In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.

2 Answers  


HOW TO CALCULATE VAT, INCOME TAX , ESI , PRO.TAX. P.F,

2 Answers  






WHAT IS CRR, REPORATE, REVERSE REPO RATE

1 Answers   FCI,


Outstanding rent

11 Answers   Genpact,


under which ledger should i make opening work in progess and closing work in progress

0 Answers  


What is creative accounting?

0 Answers  


Please provide me the entire format of P.F. & ESI

0 Answers   Logistics,


what is the right process for input credit of Service tax. and on which service i can take credit.

0 Answers  


on the basis accounting,acounting is divided in to how many classes and what are they?

0 Answers  


Categories