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Balance of abnormal gain a/c is transferred to ________
debit side of profit and loss a/c
credit side of profit and loss a/c
costing profit and loss a/c
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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