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Normal loss in restaurant
if a customer take a delivery of his order and not paying for it does it is considered as normal loss if not what will be the entry for it ?
Replies (2)
Quick Summary
Write off as Bad Debts. It is not normal loss. Normal loss is generally an expected routine loss used in manufacturing parlance. For example, loss due to evaporation/pilferage etc
Normal loss in restaurants is being absorbed by good units if it is selling pizzas.
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