When does a net loss occur
the net profit margin is obvisiously 0%, what we will be talking about is net loss percentage which is net loss divided by the turnover
formula of "Net Gold loss
Charge:1)Compulsory payment.Recorded even there is loss.2)Entered in Profit & Loss A/C3)Effects Net Profit.4)Done Before All Appropriations.5)Eg: Depreciation, Rent etc.Appropriation:1)Not Compulsory.Not recorded if there is loss.2)Entered in Profit & Loss Appropriation A/C3)Does not effect Net Profit,4)Done after all charges5)Eg: Salary ,Commision to Partner.
The profit and loss account is the account that can be used to calculate the net loss.
if a company reports a net loss it may still have a net increase in cash
debit column of the Income Statement columns
it is credit P&l Dr TO net loss
Profit and loss is nothing but an statements which shows the net profit and net loss during a period.
As a casual gambler the gambling loss would not be a net operating loss on your income tax return. If you have a business operation of gambling then you could end up with a net operating loss from your gambling business.
When expenses exceed revenues a net loss occurs.