of the accounting year the balance in the abnormal gains account will be carried to profit and Loss Account Calculation of value of abnormal gain: = Normal cost / Normal output x Unit of Abnormal gain Journal Entry: Process a/c Dr To abnormal gain a/c (Value of abnormal gain) xx XX Transfer: Abnormal gain a/c Or xx To costing profit and Loss a/c xx Example: Input Normal Loss Actual output 100 units 10% 95 units Input Less: Normal toss Normal output Less. Actual output Abnormal gain = Cost Rs. 1000 Scrap Rs, 100 Calculate Abnormal gain? Unit Amount (Rs.) 100 1000 10 100 90 Normal cost 900 95 5 $39 Calculation of Abnormal gain: Normal cost / Normal Output x Unit of Abnormal = 900 / 90 x 5 = Rs. 50/ Dr Unit Amount Unit Amount 100 10 100 To Input To abnormal gain Cr 1000 By Normal loss 50 By Actual output 1050 5 95 (b.f.) 950 105 105 1050 Problem: From the under mentioned figures prepare process accounts indicating the cost of each process and the total cost. The production was 480 articles per week. Process Process II Process III Particulars Rs. Rs. Rs. Material 3000 1000 400 Labour 1600 4000 1200 Factory overheads 520 14.40 500 ulice overheads amounting of Rs1700 should be apportioned on the basis of wages ignore stock in hand and work in process at the beginning and end of week