Identify which of the following statement is correct. – McqOptions

MCQOPTIONS

1.	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
Answer» E.

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