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Hi, i have watched all your lectures on process costing, attempted a few questions but have not come across questions regarding loss accounts, cant remember if you mentioned this in your lectures, but will you be asked to calculate any losses ( T accounts )?
(not abnormal losses or gains, just the cash process etc from loss accounts ).
Thank you
You can certainly be asked about losses, but you cannot be asked to write up any t-accounts (for anything, not just losses) in the exam. Although you cannot be asked to write up the accounts themselves, you could still be tested on them by the question asking whether an item would be debited or credited to an account.
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