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Is it true that a loss occurs when your revenue exceeds your expenses?
Wiki User
∙ 8y ago
False, revenue is gain
Wiki User
∙ 8y ago
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What is it called when your expenses are greater than your revenue on an income statement?
loss
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
What is it called when the expenses and the revenue are equal so there is no profit or loss?
That is called a Break Even Point
A net loss will result during a time period when?
When expenses exceed revenues a net loss occurs.
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
What occurs when expenses are greater than revenue?
loss
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
How do you calculate net loss?
To calculate net loss, subtract total expenses from total revenue. Net loss occurs when expenses exceed revenue, resulting in a negative value. The formula for net loss is: Net Loss = Total Revenue - Total Expenses.
When revenue is greater than expenses what is it called?
Loss or a deficit.
What is it called when your expenses are greater than your revenue on an income statement?
loss
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is the basic financial equation for businesses?
Revenue-expenses= profit or loss. Hope this helps!(:
When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
What is it called when the expenses and the revenue are equal so there is no profit or loss?
That is called a Break Even Point
What is business profit?
Profit is revenue, generated through sale of products and services, minus the costs of producing/distributing those products and services. When the revenue generated in a period of time exceeds the company's costs, the company has achieved a profit. If the costs incurred by the company exceed the revenue generated in a period of time, the company has a loss.
