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What is it called when your expenses are greater than your revenue on an income statement?
Wiki User
∙ 12y ago
loss
Aubrey Stamm
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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 it called when your expenses are greater than your revenues on an income statement?
loss
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
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 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).
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.
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 revenues on an income statement?
loss
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.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
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 Preliminary Expenses?
All the expenses which a business incurred from start of business to actual start of operations of revenue generating activity of business is called preliminary expenses.
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 the meaning of the term revenue?
Revenue means the income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. Revenue is shown usually as the top item in an income (profit and loss) statement from which all charges, costs, and expenses are subtracted to arrive at net income. Also called sales, or (in the UK) turnover.
What is it called when expenses are greater than revenues?
Loss or a deficit.
What is it called When a business's expenses are greater than its revenues?
jh
What accounts r called temporary capital accounts?
Income Summary, Drawing, Expenses and Revenue.
