[amp_mcq option1=”other good product” option2=”trading a/c” option3=”profit and loss a/c” option4=”costing profit and loss a/c” correct=”option3″]
The correct answer is: C. profit and loss a/c
Normal loss is a loss that is expected to occur in the normal course of business. It is not a result of any unusual or unexpected event. Normal losses are charged to the profit and loss account as an expense.
The other options are incorrect because:
- Option A, other good product, is incorrect because normal losses are not associated with good products.
- Option B, trading a/c, is incorrect because normal losses are not associated with trading activities.
- Option D, costing profit and loss a/c, is incorrect because normal losses are not associated with costing activities.
I hope this helps! Let me know if you have any other questions.