The correct answer is: C. abnormal gain
An abnormal gain is a gain that is greater than the expected gain. It is usually caused by favorable circumstances, such as a decrease in the cost of goods sold or an increase in the selling price of goods.
An abnormal loss is a loss that is greater than the expected loss. It is usually caused by unfavorable circumstances, such as an increase in the cost of goods sold or a decrease in the selling price of goods.
A normal loss is a loss that is expected to occur in the normal course of business. It is usually caused by factors such as spoilage or obsolescence.
A normal gain is a gain that is expected to occur in the normal course of business. It is usually caused by factors such as favorable market conditions or cost savings.
In the case where the actual loss in a process is less than the anticipated loss, the difference between the two is considered to be an abnormal gain. This is because the gain is greater than what would be expected in the normal course of business. The gain may be due to favorable circumstances, such as a decrease in the cost of goods sold or an increase in the selling price of goods.