Question

QUESTION 1/10

A loss is when:
Ce
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.

Answer 1

B. Revenue is less than expenses

Step-by-step explanation:

Business loss is a condition that arises when a business fails to earn enough income to pay all of its operating expenditures. A business loss might result from routine business operations or from an unusual occurrence that disrupts business operations. A business loss is recorded in an income statement by auditors. A typical operational loss occurs when a corporation loses more money than it earns within a certain time.