Difference between revisions of "Net loss"
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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. | ||
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*[[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
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
