If the expenses are greater than income then the company has run at a loss which can be considered normal in the first year or two. A company that has been operating for two or more years might need to look at its marketing plans and see if the product can be bought by them cheaper or if their mark up is high enough. GST payments are made based on GST collected compared to GST paid out so this company would get GST refunds. However i.the rpoblem is not solvable the company may go into liquidation because they will not be able to pay their creditors
When company incurres more costs and expenses then actual revenues earns it cause a net loss for tha fiscal year.
revenues exceed expenses.
Net income
Retained earnings are decreased.
A loss.
When expenses exceed revenues a net loss occurs.
Budget Surplus
yes it exceeds.
there is a surplus or profit.
Annual tax revenues in Illinois exceed $51,000,000,000 ($51 billion).
UNSUCCESSFUL
a big fat in the red( deficet )not sure how to spell it
Increase your income!