Net loss

From CNM Wiki
Revision as of 19:36, 4 January 2019 by Gary (talk | contribs) (Related coursework)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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