Examveda
Examveda

No journal entry is required to be passed when there is

A. Loss by theft

B. Normal loss

C. Loss of bad debts

D. Abnormal loss of business

Answer: Option B

Solution(By Examveda Team)

No journal entry is required to be passed when there is Normal loss. Normal loss increases the cost of production of the usable goods realized.

This Question Belongs to Commerce >> Accounting

Join The Discussion

Related Questions on Accounting