📊 Cost and Works Accounting 2
Q. Identify which of the following statement is correct.
  • (A) Abnormal gain is a benefit rather than a cost. Whereas abnormal loss is written off as a cost at the end of the financial period.
  • (B) Abnormal gain is an adjustment that increases the profit for the period.
  • (C) Abnormal gain is recorded as a debit entry in the process account, because it is a benefit.
  • (D) All of the above are correct
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✅ Correct Answer: (D) All of the above are correct

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