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Teaching Accountancy Cost Accounting Question Bank MCQ - Cost Accounting

  • question_answer
    In process costing, if an abnormal loss arises, the process account is generally

    A)  Debited with the scrap value of the abnormal loss units

    B)  Debited with the full production cost of the abnormal loss units

    C)  Credited with the scrap value of the abnormal loss units

    D)  Credited with the full production cost of the abnormal loss units

    Correct Answer: D

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