Define Normal Loss and Abnormal Loss what is the effect in
books of accounts.
Answer Posted / nermeen
normale loss is a loss which is expested by an organization and for which provision is actually made in the budgeting process of organization where as abnormal loss is a loss arising from a manufacturing or chemical process through abnormal waste,shrinkage,seepage or spoilage.....the same bases as the good output.
Is This Answer Correct ? | 22 Yes | 8 No |
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