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Sugam SM
Bcz the left out stock is only 4700. 300 is loss
While valuing inventory is it permissible to take abnormal loss? Out of that 300,50 is abnormal loss,right?
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Fathima _While valuing inventory is it permissible to take abnormal loss? Out of that 300,50 is abnormal loss,right?
Yes, 50 is abnormal loss and the cost of abnormal cost should not be included in cost of inventories, they should be separately treated as a loss.
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