Question

abnormal loss on consignment is debited to​

Answer 1

Abnormal loss is calculated just like the unsold stock on consignment and credited to consignment account and debited to Abnormal or Accidental Loss Account and then transferred to General Profit and Loss Account, so as to arrive at the correct profit or loss of consignment.

Answer 2

Answer:

Abnormal loss is just calculated like the unsold stock on consignment and credit to consignment account and debited to Abnormal or Accident loss account and then transfers to General profit and loss account So, as to arrive at the correct profit or loss of consignment.