Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The costs of normal and abnormal spoilage are accounted in the accounting records, the costs associated with any abnormal spoilage are?

A. Charged to a special abnormal spoilage loss account.

 

B. Allocated between the units transferred to finished goods and those remaining in work-in-process.

 

C. Charged to the manufacturing overhead control account.

 

D. Assigned to the good units transferred to finished goods.

user-image
Question added by Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage
Date Posted: 2015/08/16
Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

They are separately accounted for as  losses of the period. 

Anoop Mohan
by Anoop Mohan , Finance Manager , Arafa plywoods

option a..............................................................................................

Iftikhar Hussain Shah
by Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

Option A is correct..............

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.