Economics · Cost Accounting
In process costing, which of the following statements is correct regarding normal loss?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It is charged separately to the Costing Profit and Loss Account
- 2It is absorbed by the good units produced✓
- 3It is valued at the selling price
- 4It is always treated as an abnormal loss
Correct answer
It is absorbed by the good units produced
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Cost Accounting MCQs →Want more practice questions on Cost Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Cost Accounting