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if the actual loss is greater than normal loss. it is known as abnormal loss but if the actual loss is less than normal loss a gain is obtained which is called abnormal gain or effectiveness
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Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of disposition?
Realized gain or loss is measured by the difference between the amount realized from the sale or other disposition of property and the property's adjusted basis at the date of dispositionAnswer: TrueRealized gain or loss is the difference between the amount realized and the property's adjusted basis.
What is the difference between heat gain and heat loss?
These are exact opposities - heat gain is an increase in energy that results in an increased temperature of the material. Heat loss is a loss in energy that results in a decreased temperature of the material.
Difference between debit and credit in accounting?
A debit is money paid out or a loss, a credit in income or a gain.
In accounting differentiate normal loss from abnormal loss?
Certain losses are inherent in the production process and cannot b eliminated.These losses occur under efficient operating conditions and are referred to as Normal or uncontrollable losses.-In addition to losses which cannot be avoided, there are some losses which are not expected to occur under efficient operating conditions, for example the improper mixing of ingredients, the use of inferior materials and the incorrect cutting of cloths. These losses are not an inherent part of the production process and are referred to as abnormal or controllable losses.-Normal loss is the loss expected during a process. It is not given a cost.-Abnormal losses is the extra loss resulting when actual loss is greater than normal or expected loss ,and it is given a costs.-Since an abnormal loss is not given a cost, the cost producing these units is borne by the good units of output.-Abnormal loss and gain units are valued at the same rate as "good" units. Abnormal events do not therefore affect the cost of good production. Their costs are analyzed separately in an abnormal loss or abnormal gain account
What is the difference between normal loss and abnormal loss and give an example?
Normal LossAbnormal Loss1Normal loss is a loss which is depend upon the nature of the goods.Abnormal loss does not depend upon the nature of the goods .2NormalLosscannotbe avoided.AbnormalLosscan be avoided.3It is charged to consignment A/cIt is debited to Abnormal loss A/c & credited to consignment A/c4Value of stock is inflated to cover the normal loss.This type of loss does not effectthe value of goods5Example : evaporation, leakage, driage etc.Example : loss by theft, fire
What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
What is the difference between convent and ionic bonds?
Covalent bonds involve the sharing of electrons between atoms, and ionic bonds involve the gain and loss of electrons, which forms ions.
Is lethargy weigh gain or weight loss?
Lethargy means abnormal drowsiness, or the quality or state of being lazy, sluggish, or indifferent.I would think that this would promote weight gain.
What is the difference between capital gain and capital loss?
Capital Gain is when you sell an asset for more than it cost you and make a profit and Capital Loss is when you sell and asset for less than it cost you, therefore making a loss.In other words the Mr Macauber principal!
What is the difference between breasts before and after marriage?
Getting married does not change breasts. Weight gain or loss and exercise, and pregnancy can change them. But not just getting married.
What illness can be related to abnormal loss of weight?
Diabetes and Cancer can result in Abnormal weight loss. As can Hyperthyroidism.
What is the contrast between gain contingency and loss contingency?
A gain contingency is where a gain will incur if certain future events incur or not occur while loss contingency is the posting of a future loss that may result from some event or happening
