Consignment

Accountancy

How normal loss has impact on gross profit? How abnormal loss does not impact gross profit?

MATURU HAMSA GAYATRI

CA Final

★ 23K+

10-Jun-21 10:09

1K+

Answers (3)

Best Answer

Abnormal loss is part of P&L. It reduce net profit. Normal loss is part of Trading account, it reduces gross profit

Aakash Raavi

CMA Inter

★ 320

10-Jun-21 11:37

How normal loss affects gross profit ?

Thread Starter

MATURU HAMSA GAYATRI

CA Final

★ 23K+

10-Jun-21 15:18

Thread Starter

MATURU HAMSA GAYATRI

How normal loss affects gross profit ?

Normal loss increases the cost of inventory and COGS

CA Suraj Lakhotia

Admin

10-Jun-21 16:57