Actual loss is less than the predetermined normal loss it is ........

Costing - Phase (I & II) Overview of Cost and Management Accounting

Actual loss is less than the predetermined normal loss, it is ________.

normal loss

abnormal loss

seasonal loss

abnormal gain

Actual loss is less than the predetermined normal loss, it is abnormal gain. If the actual loss is more than normal loss, then it is abnormal loss.

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