Define: Abnormal Loss

UK Accounting Glossary

Definition: Abnormal Loss


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What is the dictionary definition of Abnormal Loss?

Dictionary Definition


The loss arising from a manufacturing or chemical progress through abnormal wastage, shrinkage, seepage, or spoilage in excess of normal loss. It may be expressed as a weight or volume or in other units appropriate to the process; It’s usually valued on the same basis as good output. An abnormal gain is an unexpected surplus of output that may occur if the actual loss is less than anticipated.


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