• 1 Marks

FA – May 2012 – L1 – SA – Q23 – Accounting from Incomplete Records

Identifying the type of loss that occurs due to natural causes in branch accounting.

In branch accounting, a loss that occurs due to natural causes or the perishable character of goods, and as such is inevitable, is called a:

Normal loss
Explanation:
Normal loss is the inevitable and uncontrollable loss that occurs due to the nature of goods, such as evaporation or spoilage, and is recognized as part of the cost in branch accounting.

Back to all questions

Pick a Form

Professional Tutor Application Form
Academic Tutor Application Form
Student Tutor Application Form