Question

Match the Pairs:

Column 'A'	Column 'B'
(I) Process Costing	(a) Debited to Process A/c
(2) Abnormal Loss	(b) Lesser Value
(3) Abnormal Gain	(c) Assessing the Performance of the Process Operations
(4) By-product	(d) Production of Standardised Goods
(5) Inter-process Profit	(e) Credited to Process A/c

Answer 1

Column 'A'	Column 'B'
(I) Process Costing	(d) Production of Standardised Goods
(2) Abnormal Loss	(e) Credited to Process A/c
(3) Abnormal Gain	(a) Debited to Process A/c
(4) By-product	(b) Lesser Value
(5) Inter-process Profit	(c) Assessing the Performance of the Process Operations