process costing

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
July 18, 2016 at 11:01 am #326932
iyamu
Participant
- Topics: 286
- Replies: 171
Sir Following your lectures on the above topic, is there any separate T account for scrap account. Because i see on Kaplan text materials a separate account from the Abnormal gain/loss account . Can we be asked in the exams for a separate T account for scrap value?
July 18, 2016 at 6:19 pm #327288
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
In Paper F2 you will not be asked to prepare t-accounts for process costing 🙂

You can open a scrap account in your own workings if you want to, but there is never any need to actually do so.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.