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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
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 revenue 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 expenses are greater than revenues?
Loss or a deficit.
What is it called When a business's expenses are greater than its revenues?
jh
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 revenue on an income statement?
loss
Matching revenues and expenses refers to?
Matching revenues and expenses is called "Matching concept" of Accounting.
The form of income statement that derives its name form the fact that the total of all expenses is deducted from the total of all revenues is called?
multiple step statement
What is a financial statement that summariezes the revenues and expenses for a specific period of time called?
An income statement is the summary of a business's income and expenses during the past year. Income statements are used to determine how well a business is performing financially.
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
