Multiple Choice Questions on Actual loss is less than the predetermined normal loss it is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Actual loss is less than the predetermined normal loss it is ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    Actual loss is less than the predetermined normal loss, it is ________.

    normal loss

    Incorrect Answer

    abnormal loss

    Incorrect Answer

    seasonal loss

    Incorrect Answer

    abnormal gain

    Correct Answer
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    Explanation:

    Actual loss is less than the predetermined normal loss, it is abnormal gain. If the actual loss is more than normal loss, then it is abnormal loss.

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