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.
profit
Expenses more than income is called "Loss" Income over expenses called "Profit"
Example sentence - His expenses were more than his income.
loss
loss
profit
Expenses more than income is called "Loss" Income over expenses called "Profit"
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.
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.
My expenses are more than my income; meaning that I spend more than I bring in.
Example sentence - His expenses were more than his income.
The amount by which income is greater than expenses is called profit. It represents the financial gain a business or individual makes after all expenses have been deducted from total income. Profit is a key indicator of financial health and performance.
loss
loss
Means someone is spending more money than they earn.
Before the break even point, total expenses exceed total income and there is a loss made.
There is no profit.