Which one of the following statements is false?
A) Disposal costs of waste products from a process are income for a business.
B) Disposal costs are included in the process account for normal losses only.
C) Disposal costs for normal losses are debited to the process account.
D) Disposal costs for normal losses increase the production cost of each unit of finished output from the process.

Question

Quizplus · Accepted Answer

Disposal costs of waste products from a process are not income for a business; they are expenses. The statement incorrectly suggests that costs associated with disposing of waste generate income, which is false.

Which One of the Following Statements Is False