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what is abnormal loss???
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Answer / ajay kumar
Those losses which is incurred in business by not natural
causes.such type of loss incurred by misbehaviour or
careless activity by any person in business is known is
abnormal loss.
such as :-A transport businesman transit the
petrolium.due to smoking of transport driver all van
distroyed.this is abnormal loss. but when the upload in
tank 500ltr. at source bt destination only 450 and not any
event in midway .that is normal loss.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / yogendra.c
Simple Example to understand Normal & Abnormal Loss:
Normal Loss:
------------
small amount of milk vested when you opened a packet of milk & pouring to vessel or container
Abnormal Loss:
--------------
Loss of milk, when you forget to keep the milk for 1 or moreday in fridge because of your carelessness.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / shankar
The abnormal loss in quantity terms should deducted from tyhe gross input to obtain the normal (net) Out (normal output = gross input-Abnormal Loss Units)
The cost of abnormal loss units should be deducted from the total cost obtain the normal (net) Cost.(Normal cost=total cost- cost of abnormal loss units).
| Is This Answer Correct ? | 2 Yes | 2 No |
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