Difference between revisions of "Net loss"

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[[Net loss]] is the financial result of [[operations]] when [[expenses]] total more than [[Fiscal Revenue|revenue]].
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[[Net loss]] (or, simply, [[loss]]) is the financial result of [[operations]] when [[expenses]] total more than [[Fiscal Revenue|revenue]]. A [[loss]] occurs when the [[gross profit]] of a business is less than the expenses the business has to pay to keep the business running.
  
  
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
 
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws.
  
==Related coursework==
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==Related lectures==
 
*[[Bookkeeping Quarter]].  
 
*[[Bookkeeping Quarter]].  
  
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]

Latest revision as of 19:36, 4 January 2019

Net loss (or, simply, loss) is the financial result of operations when expenses total more than revenue. A loss occurs when the gross profit of a business is less than the expenses the business has to pay to keep the business running.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Net loss. The financial result of operations when expenses total more than revenue.

Related concepts

Related lectures