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.Related Questions on Accounting
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A. Cost and income for managers
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C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
C. Intangible assets
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A. Current assets
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B. Fixed assets
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