Which of the following will not be treated as abnormal profit or loss: (Choose correct answe from below) (1)
(a) A sum won by lottery.
(b) Loss due to theft.
(c) Payment of factory rent.
(d) Loss caused due to an epidemic.
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Answer:
abnormal profit
(a) A sum won by lottery
abnormal loss
(b) loss due to theft
(c) loss caused due to an epidemic
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