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What is it called when expenses are greater than revenues?
Loss or a deficit.
What is it called when your expenses are greater than your revenues on an income statement?
loss
Matching revenues and expenses refers to?
Matching revenues and expenses is called "Matching concept" of Accounting.
What is it called when a firm's sales revenues are greater than its expenses?
When a firm's sales revenues exceed its expenses, it is said to be operating at a profit. This situation indicates that the company is successfully generating more income than it is spending, leading to positive financial performance. The difference between revenues and expenses is often referred to as net income or net profit.
When total revenues exceed total expenses what is the difference called?
Net income
What is it called when expenses are greater than revenues?
Loss or a deficit.
What is it called when your expenses are greater than your revenues on an income statement?
loss
Matching revenues and expenses refers to?
Matching revenues and expenses is called "Matching concept" of Accounting.
What is it called when a firm's sales revenues are greater than its expenses?
When a firm's sales revenues exceed its expenses, it is said to be operating at a profit. This situation indicates that the company is successfully generating more income than it is spending, leading to positive financial performance. The difference between revenues and expenses is often referred to as net income or net profit.
The costs of goods and services used in the process of earning revenues are called?
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
When total revenues exceed total expenses what is the difference called?
Net income
A segment of a business responsible for both revenues and expenses would be called?
cost center
What is book balancing called?
The process of recording transactions , revenues and expenses on a company's books, and the reconciling thereof is called balancing.
Decreases in retained earnings that represent costs of assets or services used to earn revenues are called what?
expenses
What is The level of sales at which revenues equal expenses and net income is zero called?
break even point
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 the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
