Multiple Choice
Material losses due to abnormal reasons should be transferred to…………………
A) profit and loss account
B) costing profit and loss account
C) trading account
D) none of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Inventory turnover in days = Days during
Q2: The principle types of inventories are raw
Q3: ………………forms part of cost of production.<br>A)abnormal waste<br>B)normal
Q4: Marginal costing is a …………… of costing<br>A)system<br>B)method<br>C)technique<br>D)all
Q5: ……….represents that quantity of material which is
Q6: A bill of material is prepared in
Q7: Re-ordering level = ........................................X Maximum re-order period<br>A)average
Q8: Inventory turnover ratio = Cost of …………………..during
Q10: The quantity of material to be ordered