Balance of abnormal gain a c is transferred to ........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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Balance of abnormal gain a/c is transferred to ________

balance sheet

debit side of profit and loss a/c

credit side of profit and loss a/c

costing profit and loss a/c

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Explanation:

Balance of abnormal gain a/c is transferred to costing profit and loss a/c. Abnormal loss is transferred to the costing P&L. An account in the books of an organization to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss over a given period.

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