Question

the loss from abnormal spoilage account would appear . question 32 options: as a detailed item in the retained earnings schedule of a balance sheet on a balance sheet as a deduction from the cost of goods sold as a separate line item on an income statement

Answer 1

The loss from abnormal spoilage account would appear as a separate line item on an income statement.

What is account?

Accounting is the practice and study of maintaining financial records and transactions, including income, expenses, and the recording of assets and liabilities. It includes the preparation of financial statements, bookkeeping, and the analysis and interpretation of financial data. Accountants use a variety of methods to analyze financial data such as financial ratios, trend analysis, forecasting, budgeting, and cost/benefit analysis. By understanding the financial data, accountants can provide advice on how to make decisions that will improve the financial health of a business. Accountants also play a major role in ensuring that businesses comply with relevant laws and regulations.

To learn more about account
https://brainly.com/question/1078746
#SPJ4