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Doubt

Costing

Pls explain the journal entry given below

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Gomathi K

Gomathi K

CA Final

★ 40K+

26-Jun-21 18:31

720

Answers (2)

Total spoiled value of 8000 credited to work in process and transferred to Material 2000 as expected spoilage normal ; Net realisable value Rs.2000 realised so how much attributable to abnormal loss is 500 ( 2000 is for 8000; how much for 6000) thus 4500 is the transferred to profit and loss, share of abnormal loss ; the balance is transferred to OH control accoutn


Sudha Reddy

Sudha Reddy

CA Final

★ 20K+

28-Jun-21 12:39

Ok


Thread Starter

Gomathi K

Gomathi K

CA Final

★ 40K+

28-Jun-21 16:56

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