Spoiled food,fruits, vegetables - normal loss ?

Accountancy

Does spoiled food fruits and eatable at cafe/restaurant considered as normal loss ?

Atharv Sankliya

CA Final

★ 3K+

25-Feb-23 17:55

483

Answers (6)

If they are expecting such spoilage and recurring in nature it is normal loss

Harshitha Kalidindi

CA Final

★ 51K+

25-Feb-23 18:03

If it is unavoidable and estimated prior, it is normal loss

Varun Mulay

CA Final

★ 39K+

25-Feb-23 18:12

If it is expected, it is normal loss.

Karthick A

CA Final

★ 1K+

25-Feb-23 18:14

If it is abnormal loss then do we need to pass a separate entry??

Thread Starter

Atharv Sankliya

CA Final

★ 3K+

25-Feb-23 18:15

Thread Starter

Atharv Sankliya

If it is abnormal loss then do we need to pass a separate entry??

If it is abnormal loss , don't adjust in cost and transfer directly to P&L A/C

Varun Mulay

CA Final

★ 39K+

25-Feb-23 18:16

Thread Starter

Atharv Sankliya

If it is abnormal loss then do we need to pass a separate entry??

directly transferred to p and l account

shivaji hari

CA Inter

★ 3K+

25-Feb-23 18:24