SPOILAGE Definition

Bookmark and Share

SPOILAGE is materials wasted or spoiled in the production process. See also ABNORMAL SPOILAGE and NORMAL SPOILAGE.

Learn new Accounting Terms

DEBIT is a record of an indebtedness; specifically : an entry on the left-hand side of an account constituting an addition to an expense or asset account or a deduction from a revenue, net worth, or liability account.

ACH is Automated Clearing House.

Suggest a Term

Enter Search Term

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