Question
In a process account, the costs which will be borne by
the good production units include _____. 1. Normal loss 2. Abnormal Loss 3. Cost related to the processSolution
The good production costs will include the cost related to the process and also absorbs the normal loss. If Normal Loss is physically present in the form of scrap, it may have some value and will be credited to Process A/c. If Actual Loss > Normal Loss : the difference is abnormal loss . Abnormal Loss is not absorbed by good production, rather it is transferred to Costing Profit & Loss A/c
Suppliers and Creditors of a firm are interested in
Above what financial threshold has the Finance Ministry simplified expenditure rules to boost capital expenditures?
When was the bob Utsav Deposit Scheme launched by Bank of Baroda, and what is the highest interest rate available under this scheme for non-callable dep...
Which country pioneered the use of zero-based budgeting?
The Union Cabinet approved the establishment of a ₹1,000 crore Venture Capital Fund for which sector under IN-SPACe?
When kept in air for some time, a layer of green colored basic carbonate forms on the metal, that metal is ___________________ .
Which is the first Indian company to be listed on NASDAQ?
Which of the following statements are correct in regards to Article 323A:
1. It deals with Administrative Tribunals.
2. It contemplates th...
The Silk city of Bihar is _____
Who is credited with the first land settlement in Uttarakhand, with the aid of Shri Jaida Kiral?
