The correct answer is: D. debited to profit and loss a/c
Abnormal losses are losses that are not expected to occur in the normal course of business. They are usually caused by unexpected events, such as natural disasters or equipment failures. Abnormal losses are not included in the cost of goods sold, but are instead charged directly to the profit and loss account. This is because they are not considered to be a normal part of the business’s operations.
Option A is incorrect because abnormal losses are not debited to the process account. The process account is used to track the costs of production, and abnormal losses are not considered to be part of the normal costs of production.
Option B is incorrect because abnormal losses are not credited to the process account. The process account is used to track the costs of production, and abnormal losses are not considered to be part of the normal costs of production.
Option C is incorrect because abnormal losses are not debited to the costing profit and loss account. The costing profit and loss account is used to track the costs of production, and abnormal losses are not considered to be part of the normal costs of production.