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Baker, How to Account for Food not Sold
We have a sole proprietorship in Virginia, selling home-baked bread at farmers markets. Sometimes, we do not sell everything we've baked. It is too much to keep at our house and eat ourselves.
If we donate or throw away this unsold bread, how do we account for this as an expense?
We are already counting all the baking supplies and ingredients as expenses.
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March 3, 2020
5:14 PM