Gives examples of Material losses

February 21st, 2012 Comments off
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Material losses include loss of quantity, weight or volume of materials.

Some examples of material losses which are incurred from the following:

  • Obsolescence re: change of specification results in certain type of materials become useless
  • Losses during handling like in pilferage, breakage, etc
  • Storage like fading, rusting, warping affect the materials or inventories
  • Loss during production due to inadequate or inefficient equipment, defective materials, accidents
  • Inherent causes re: evaporation of liquid materials
  • Inefficient stores issues when excess materials are not returned and left deteriorating or idling or get mixed with other unusable items and disposed off.

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Financial Accounting


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