Solved

When the Actual Loss Is More Than the Estimated Loss

Question 23

Multiple Choice

When the actual loss is more than the estimated loss, the difference between the two is considered to be ,………………….

A) Abnormal gain
B) Abnormal loss
C) Normal loss
D) Normal gain

Related Questions

Q15: Where raw material is to pass certain

Q16: Scope of specific order costing is very

Q17: Cost of producing an additional unit of

Q18: In a contract costing most of the

Q19: Average unit cost for each process is

Q20: When the completion stage of the contract

Q21: ……………. In a contract , provides that

Q22: Where actual loss in a process is

Q24: In job costing each ………. Is a

Q25: If the contract is almost complete ,