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Question 1. Asked on :22 October 2020:07:09:07 PM

What is it called when your expenses are greater than your revenues on an income statement?

-Added by nisha sheikh Accountancy » Gk Accounting

Answer:

Anjali Kumari
A net loss occurs when total expenses are higher than total revenue. This is the opposite of net profit and is usually recorded at the bottom line of the income statementA loss can also refer to a cost that doesn't relate to normal business operations.

-Answered by Anjali Kumari On 23 October 2020:06:40:32 PM(21029Average Rating Based on rating)

 

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