How to account for normal losses for retail unit
This query is : Resolved
28 November 2020
How should we consider normal losses in case of a retail unit for perishable items? Should we add to COGS (as a percent of purchase) or should we reduce from Markup based G/P?
Pls help me as soon as possible???
Pls help me as soon as possible???
28 December 2020
The amount of loss will be the purchase cost of the goods only.
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