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Question related to process costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Question related to process costing

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  • March 5, 2024 at 9:00 am #702027
    anqa
    Participant
    • Topics: 17
    • Replies: 10
    • ☆

    Sir what is the reason behind debting normal loss scrap account and crediting abnormal loss account

    Credit abnormal loss account
    Debit. Normal loss scrap account

    March 5, 2024 at 6:41 pm #702084
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54470
    • ☆☆☆☆☆

    Firstly it depends on the question, and secondly you obviously cannot be asked to prepare t-accounts in the exam.

    Have you watched my free lectures on this?

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