Question

What is an abnormal loss in cost accounting?

Answer 1

Abnormal loss in cost accounting is the misfortune that happens well beyond normal loss or misfortune. If there should be an occurrence of abnormal misfortune, it tends to be characterized as the misfortune or deterioration of units in a handling and process department. Such a misfortune should not occur under the normal working conditions of a production line.

Also read: Abnormal Loss