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If the actual loss is more than the estimated normal loss...

This question belongs to Commerce Costing
Costing
?

If the actual loss is more than the estimated normal loss, then it is _________.

Answer & Solution
Correct Answer: Option A
If the actual loss is more than the estimated normal loss, then it is abnormal loss. Abnormal loss is the extra loss resulting when actual loss is greater than normal or expected loss, and it is given a cost.
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Ishika Bhardwaj
Ishika Bhardwaj 5 years ago
Option D
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