Abnormal loss is the loss arising from a manufacturing or chemical process through abnormal waste, shrinkage, seepage, or spoilage in excess of the normal loss. It is usually valued on the same basis as the good output.
A green audit, also known as an environmental audit, provides an assessment of an organization's environmental performance and practices to ensure sustainable operations and adherence to environmental regulations.
In the UK, Landfill Tax is a charge on the commercial disposal of waste by way of landfill. As of the financial year 2016-2017, the standard rate is £84.40 per tonne, with a rate of £2.65 per tonne for 'less-polluting waste' (chiefly naturally occurring materials).
Recycling involves the reprocessing of used or abandoned materials to create new products, significantly reducing waste and conserving natural resources.
