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it is a situation where income is not enough to meet the running expenses(operating expenses) of the business
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What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.
What is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
When expenses are more than income is called?
Their is a LOSS of income, or loss for the business operation. You can have either a LOSS or a PROFIT or possibly break even with neither a loss or a profit.
What is the meaning of the abbreviation 'PNL' in terms of business?
profit and loss
Can you take a loss on a sale of a business asset?
Yes loss on sale of business assets is a normal things and mostly for obsolete business assets are sold on loss.
What to protect your business from unexpected loss due to hazards?
Insurance is purchased to protect a business from unexpected loss.
How does crime effect business?
It makes the business run at a loss
What is business climate?
A business that has stopped operating, with a loss to creditors.
What is loss prevention?
Loss prevention in the business/retail world is the Monitoring and prevention of internal/external theft in a business or "shrinkage"
Is a gambling loss a net operating loss?
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.
Why businesses do not take business insurance?
because it can loss the gain of the business
What is abnormal loss in cost accounting?
Abnormal loss is an unexpected loss in financial assets in business activities.
What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.
What is the need for inspection of goods?
Good need to be inspected to avoid Business profit loss in Damage or expired product and even law sued. this may cause business to loss its export and import liabilities and other business will not buy any products from them and also loss their trust.
What is the business definition for profit loss statement?
The business definition of the profit loss statement is a financial statement that explains your costs, expenses and revenues in a specific time period.
When expenses are more than income is called?
Their is a LOSS of income, or loss for the business operation. You can have either a LOSS or a PROFIT or possibly break even with neither a loss or a profit.
