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How to account for normal losses for retail unit

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(Querist)
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???
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
28 December 2020 The amount of loss will be the purchase cost of the goods only.

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