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Loss or a deficit.
Raphael Langosh
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When your expenses are less than you budget is called?
savings
What are number greater than one called?
numbers greater than one!
What are all numbers greater than 0 called?
numbers greater than 0 called positive integers.
What is greater than and less than problems called?
An Inequality
What is greater than less than or equal to called?
Same as it is.
What is it called when your expenses are greater than your revenue on an income statement?
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 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 occurs when expenses are greater than revenue?
loss
What occurs when revenue is greater than expenses?
profit
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
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
Revenue and expenses accounts are called temporary accountsidentify and provide two temporary accounts other than the one mentioned above?
revenue account are placed on the post closing trial balance
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!
