Process costingForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process costingThis topic has 1 reply, 2 voices, and was last updated 5 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts November 1, 2018 at 9:44 pm #483536 aliahmed1994MemberTopics: 38Replies: 51☆☆In process costing, In the accounts of abnormal losses/gains, when we debit Income statement account with 725$. Does this represent a profit or loss? November 2, 2018 at 8:33 am #483558 John MoffatKeymasterTopics: 56Replies: 53806☆☆☆☆☆A loss. Debits to the income statement always reduce the profit, credits to the income statement always increase profit.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In