When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
A)abnormal loss
B)normal loss
C)loss
D)none of these

Question

Quizplus · Accepted Answer

Abnormal loss occurs when the actual loss exceeds the estimated or expected loss. It is considered abnormal because it is not part of the usual business operations or production processes and typically arises from unexpected events or inefficiencies.

When the Actual Loss Is More Than the Estimated Loss