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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
What else can I help you with?
Net income will result during a time period when?
revenues exceed expenses.
When total revenues exceed total expenses what is the difference called?
Net income
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
When total revenues exceed total cost a business has registered?
A loss.
A net loss will result during a time period when?
When expenses exceed revenues a net loss occurs.
What is it called When tax revenues exceed expenditures?
Budget Surplus
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When revenues exceed expenditures, _____.?
there is a budget surplus
Annual tax revenues in Illinois exceeds billions dollars?
Annual tax revenues in Illinois exceed $51,000,000,000 ($51 billion).
What is it called when your expenses exceed your income?
UNSUCCESSFUL
When revenues exceed expenditures the government has a?
a big fat in the red( deficet )not sure how to spell it
If unnecessary expenses have been removed from your budget what can you do if your expenses still exceed your income?
Work overtime or get another job.
