what is abnormal gain or abnormal loss or abnormal gain minus q karte hey abnormal loss add q karte hey
explain
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- 3 Answers
3 Answers
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Suyash
- 23 Dec
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abnormal gain is uncertain to business organisation and according to conservatism or prudence concept all the future probable gains are ignored and abnormal loss is revenue loss and occure due to day to day transactions
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Sanchi
- 20 Dec
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Abnormal gains are usually gains of a non-recurring nature. For example, an unrealised gain from currency hedging would be written back as an abnormalbecause it is not congruent with the normal operations of the business.
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Shreya
- 18 Dec
- 0 Comment
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because it is not of revenue nature to business