Abnormal loss and its value are _______.

A. debited to process a/c

B. credited to process a/c

C. debited to costing profit and loss a/c

D. debited to profit and loss a/c

Answer: Option B

Solution(By Examveda Team)

Abnormal loss and its value are credited to process a/c. Abnormal Loss both in terms of quantity and value is recorded by. Crediting Process a/c and; Debiting Abnormal Loss a/c.