Gives examples of Material losses

February 21st, 2012 Comments off
Share |

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.

Comments are closed now.

Financial Accounting

 
 

Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|