Multiple choice

Directions: Choose the correct option for the given question.

Cost of _____ is not included in the cost of the process.

  1. abnormal loss

  2. normal loss

  3. normal gain

  4. abnormal gain

  5. none of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Abnormal loss is considered an avoidable loss due to inefficiency or accidents; therefore, it is excluded from the cost of production and charged to the costing profit and loss account.

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