The following information relates to two production processes, A and B: Process A: Normal Loss = 5% of Input, Input = 55,000 litres, Output = 52,000 litres Process B: Normal Loss = 8% of Input, Input = 40,000 litres, Output = 37,000 litres For each process, determine whether there was an abnormal loss or an abnormal gain.

Question

Mathematics · Cost Accounting

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Process A: Abnormal Loss; Process B: Abnormal Gain

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Cost Accounting?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Mathematics · Cost Accounting

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

Process A: Abnormal Loss; Process B: Abnormal Loss

Answer 2

Process A: Abnormal Gain; Process B: Abnormal Loss

Answer 3

Process A: Abnormal Loss; Process B: Abnormal Gain

Answer 4

Process A: Abnormal Gain; Process B: Abnormal Gain

Related Practice Questions