Question

table deffrence between normal loss and abnormal loss

Answer 1

Normal loss is a loss which is depend upon the nature of the goods. Abnormal loss does not depend upon the nature of the goods . 2 Normal Loss cannot be avoided. Abnormal Loss can be avoided. 3 It is charged to consignment A/c It is debited to Abnormal loss A/c & credited to consignment A/c 4 Value of stock is inflated to cover the normal loss. This type of loss does not effect the value of goods 5 Example : evaporation, leakage, driage etc. Example : loss by theft, fire

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