MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Analysing Comparative Statement of Profit and Loss

Abnormal loss...

Question

Abnormal loss debited to General Profit & Loss A / c = ?

A

5,150

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

4,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

1,150

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

2,150

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 1,150
Option C is correct one.
10 sets 100(600-500)=1000
1500/10010=150
the Abnormal loss debited to General Profit & loss a/c =1150

Suggest Corrections

thumbs-up

1

Similar questions

Q. Abnormal loss is debited to _________.

Q. Abnormal loss of joint venture is debited to the following account -

Q. Amount of following is debited to profit & loss account.

Q. Goods sent on consignment Invoice value Rs. 2,00,000, at cost plus 33.33% ,20% of the goods were lost in transit. Insurance claim received Rs. 10,000. The amount of abnormal loss to be transferred to General Profit & Loss A/c is _______________ .

Q. Give journal entries:
Depreciation debited to profit and loss account

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Comparative Financial Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Analysing Comparative Statement of Profit and Loss

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon