MARGINAL BENEFIT Definition

Bookmark and Share

MARGINAL BENEFIT takes into account the fact that the more an entity has or devotes to something, the less benefit that is likely to be derived from the additional units applied, e.g. additional labor hours expended to complete a task can be of questionable benefit if parts, tools, or machines cannot optimally absorb the additional labor applied, i.e. the additional hours devoted would be of marginal benefit.

Learn new Accounting Terms

INQUIRE / INQUIRY is to ask questions or investigate.

ALLOWANCE FOR BAD DEBTS is an account established to record a subtraction from ACCOUNTS RECEIVABLE, to allow for those accounts that will not be paid.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.