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The Lecture is helpful……
Hi, um i seem to have noticed that the scrap value lost because of the abnormal gain was not accounted for…
$1 x 100 = 100 scrap -ve cost lost.
@danishtaleef, It does not need to be accounted for separately.
The scrap proceeds brought in are for what was actually lost (which is the normal loss less the abnormal gain).
can’t access the material very well.
hi, may i know the answer for question B?
@lailamasbah, it is in the following lecture: part 5 Work-in-progress.
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