Question

46. Abnormal loss arises due to
(i) Normal circumstances
(iii) Evaporation
(ii) Abnormal circumstances
(1.5 Points)
only i, and ii
only ii
only iii
Only i​

Answer 1

only ii

Hope it's helpful

Answer 2

Answer:

Abnormal loss arises due to abnormal circumstances. (only ii)

Explanation:

Abnormal loss in accountancy as the word suggests are the losses which are caused by abnormality or the causes which are not normal. In other words, the abnormal loss includes the following:

• Act of God like Earthquake, Flood or Famine,
• Theft,
• Goods lost in transit,
• Accidents,
• War,
• Carelessness of the authority etc.