Page 151 - Microsoft Word - 00 ACCA F2 Prelims.docx

Process costing

Step 5 – complete the Abnormal gain account

This is the account where the value of the abnormal gain is recorded and the value is
transferred to the statement of profit or loss.
Abnormal gain account

Kg $ Kg $

Statement of profit or 50 1,150 Process account 50 1,150
loss (AG)

––––– –––––– ––––– ––––––
50 1,150 50 1,150

––––– –––––– ––––– ––––––

145