Abnormal process loss can be transferred to ________.

A. costing profit and loss a/c

B. financial profit and loss a/c

C. manufacturing

D. trading

Answer: Option A

Solution(By Examveda Team)

Abnormal process loss can be transferred to costing profit and loss a/c. Process account is to be credited by abnormal loss account with cost of material, labour and overhead equivalent to good units and the loss due to abnormal is transferred to Costing Profit and Loss Account.