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Where is the abnormal loss balance posted at the end of the period? Cr Process account or Dr Statement of profit or loss?
If you are referring to the balance left on the loss account, then it is posted to the SOPL.
This is all explained in my free lectures 🙂
Thank you, your lectures are very helpful. But if in the exam the type of account is not specified, will it be correct to answer that it posted on SOPL?
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