From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts:

	Process A (Rs)	Process B (Rs)
Material	30,000	3,000
Labour	10,000	12,000
Overheads	7,000	8,600
Input (units)	20,000	17,500
Normal loss	10%	4%
Sale of waste per unit (Rs)	1	2
Final output from process B (units)	—	17000

Answer rating: 100% (QA)

Solution Process A Ac Cr Dr Particular Qty Rate Rs Amount Part... View the full answer