Multiple Choice Questions on If the actual loss is more than the estimated normal loss then it is ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

If the actual loss is more than the estimated normal loss then it is ........

Costing - Phase (I & II) Overview of Cost and Management Accounting
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    If the actual loss is more than the estimated normal loss, then it is _________.

    abnormal loss

    Correct Answer

    normal loss

    Incorrect Answer

    seasonal loss

    Incorrect Answer

    abnormal gain

    Incorrect Answer
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    Explanation:

    If the actual loss is more than the estimated normal loss, then it is abnormal loss. Abnormal loss is the extra loss resulting when actual loss is greater than normal or expected loss, and it is given a cost.

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