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This video explains Concept and Valuation of normal loss, abnormal loss, abnormal gain and goods transferred to next process. It also explains preparation of process account, normal loss account, abnormal loss and gain account. It also covers preparation and logical explanation of Statement of Equivalent Production.

All questions of ICAI of last 10 years are covered for the chapter of Process Costing.

00:00:00 Introduction, Normal & Abnormal loss and preparation of process account.
01:00:00 Basic questions and solutions of process costing.
02:27:00 Statement of Equivalent production including questions and solutions of ICAI.


Material of Process Costing

https://drive.google.com/file/d/1Qz9H...

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