Question

Give reason for the following situation: (4)
a) Production of a factory had to stop for a week due to labour strike. The owner estimated the loss of
production and the likely loss of profit arising out of the situation. He directed the accountant to record the
loss in the books of account. Is the owner correct in recording the likely loss?

Answer 1

Answer:

Yes, the owner correct in recording the likely loss.

Explanation:

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