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]]. | + | [[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. |
Revision as of 20:04, 21 December 2018
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.
