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What is it called when your expenses are greater than your revenue on an income statement?
loss
If expenses are greater than income there is no what?
There is no profit.
When does a revenue account have a debit balance?
When your expenses are more than your revenues, the revenue account will be a debit balance. You have lost money!
Why would companies increase revenue rather than reduce expenses?
Increasing revenue is indicative of a growing company. ALL companies should try to reduce expenses... regardless of growth.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
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 .
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
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 the opposite of Deficit?
The opposite of a deficit is a surplus. A deficit occurs when a country's expenses are greater than their revenues. A surplus is the opposite.
If expenses are greater than income there is no what?
There is no profit.
When does a revenue account have a debit balance?
When your expenses are more than your revenues, the revenue account will be a debit balance. You have lost money!
Does a revenue account have a debit balance?
When your expenses are more than your revenues, the revenue account will be a debit balance. You have lost money!
Why would companies increase revenue rather than reduce expenses?
Increasing revenue is indicative of a growing company. ALL companies should try to reduce expenses... regardless of growth.
If expenses are greater than income there's no?
There is no money.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
