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Suivre

The cost associated with abnormal spoilage ordinarily is charged to:

A. Inventory.

B. A material variance account.

C. Manufacturing overhead.

D. A special loss account.

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Question ajoutée par Hany Sabry , Finance Manager , Coffee Adress
Date de publication: 2015/01/25
Syed Sheraz Haider
par Syed Sheraz Haider , BRANCH ACCOUNTANT , BIG BIRD POULTRY BREEDERS (PVT) LTD

D

Umer Sharif
par Umer Sharif , Head Of Accounts Dept , Allied Petroleum Pvt Ltd

Abnormal loss cannot be adjustable in prices as normal losses does. Answer is "D"

Abd ElRahman Mohammed Idris Mohammed
par Abd ElRahman Mohammed Idris Mohammed , Internal Audit Manager , Kenana Sugar Company Limited

OPTION (D) IS THE CORRECT ANSWER.

Yusuf Chotejan Baig
par Yusuf Chotejan Baig , Accounts Manager

 

The loss is abnormal in nature and any abnormal loss should be charged to P&L Account. 

Muhammad Sarmad Akram
par Muhammad Sarmad Akram , Accounts Administration Manager , Best All Traders

D1 st req. Indentify nature and cause and appropriate action than2nd req. must be expensed out in the period they incurred.

shabeer kanakkantey kanty
par shabeer kanakkantey kanty , ACCOUNTANT , Volcane advertising.l.l.c

option D is the correct answer 

Khurram Shaukat Memon
par Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

I think answer is option (c).

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