Abnormal Loss

Business, Legal & Accounting Glossary

Definition: Abnormal Loss

Abnormal Loss

Quick Summary of Abnormal Loss

A loss arising from a manufacturing or chemical progress in excess of normal loss.

Video Guide For Abnormal Loss

What is the dictionary definition of Abnormal Loss?

Dictionary Definition

In Economics:

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.

Full Definition of Abnormal Loss

An abnormal loss also refers to a situation where a business or firm is making profits below the normal limits. In an abnormal loss situation, the total revenue of a business does not cover the total cost incurred for the business.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Abnormal Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 20, 2024 https://payrollheaven.com/define/abnormal-loss/.
Chicago Manual of Style (CMS):
Abnormal Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/abnormal-loss/ (accessed: May 20, 2024).
American Psychological Association (APA):
Abnormal Loss. PayrollHeaven.com. Retrieved May 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/abnormal-loss/

Definition Sources

Definitions for Abnormal Loss are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd November, 2021 | 0 Views.