Production at a factory had to stop for a week due to, Management Theories

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Production at a factory had to stop for a week due to

Production at a factory had to stop for a week due to labour strike. The owner estimated the loss of production and the likely loss of profit arising out of the situation. He directed the accountant to record the loss in the books of accounts. Is the owner correct in recording the possible loss? Give reasons.

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Management Theories: Production at a factory had to stop for a week due to

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Management Theories: Production at a factory had to stop for a week due to

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