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I have doubt on income statement abnormal loss and ab gain calculation
Answers (4)
Bro that's nothing...If u prepare process I acc...u will get Abnormal loss...In Abnormal loss calculation u will get that 96.8 for 1 unit...then for 75 units u will get...75 units×96.8/unit=7260...u just prepare separate ledger acc for Abnormal loss and gain...u will get the perfect understanding...That 12.5 is nothing but the scrap value realized in respect of Abnormal loss...if u follow this,U will get that number as 75 units(96.8-12.5)=6322.5 easily....same like Abnormal loss prepare Abnormal gain acc separately...so that u will get similar results