Process Costing (Normal loss , Abnormal loss & Abnormal gain)

Process Costing- is a method of costing applied in those undertakings where the production can be divided into two or more processes.

This chapter is very simple to understand.  In this video one problem is explained with normal loss,  abnormal loss and abnormal gain.

Process account concept and format
Process Costing-  (B.com )Cost Accoun...

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