Normal Losses take place due to ___ reasons.
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Normal loss means that loss which is inherent in the processing operations. It can be expected or anticipated in advance i.e. at the time of estimation. Accounting Treatment: ADVERTISEMENTS: The cost of normal loss is considered as part of the cost of production in which it occurs.
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Treatment of the transaction relating to normal loss stocks and how normal loss is handled ... used names indicating the reason for the loss like Normal Loss on Wastage, Normal Loss ... Journal in the books of M/s __ for the period from ____ to _____ ... General insurance is offered only for events which may probably occur.
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