What is the difference between normal loss and abnormal loss? Give examples.
Normal loss refers to the unavoidable or inherent loss that occurs during the regular course of business operations. It is a natural outcome of the production or sales process and is expected to happen under normal conditions. Such losses are generally anticipated and accounted for as part of the cost of goods sold. For example, during the manufacturing of glassware, ____ ________ _____ _____ ______ ________ __________ _____ _______ ___ ___ ____.
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