wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is an abnormal loss in cost accounting?


Open in App
Solution

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


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Market Failures!
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon