Accounting MascotAccounting Q&A

What is loss?
submitted by loss

Arnold

It's what you don't want. You are in business to receive more money than you spend. If you don't, you have a loss, either on an accrual or cash basis.

shiv gurjar

Earnings below expectation incured in a business.

Rob

It's the way I run my business. I spend money on marketing, advertising, supplies, etc....but then I don't make any money.

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