Answer:
Loss refers to an event that caused a decrease in the company's economic revenue, such as a fire or obsolescence of inventories.
Step-by-step explanation:
The loss is what occurs when the waste of a good or service produced (and even consumed) in an abnormal and involuntary way causing the decrease of the manufacturer's economic revenue.
Loss is not to be confused with expense (let alone cost), precisely because of its characteristic of abnormality and involuntary nature; it is not a sacrifice made with the intention of obtaining revenue. Common examples: fire losses, stock obsolescence, etc.
These are items that go directly to the income account, as well as expenses, but do not represent normal sacrifices or voluntary derivatives of activities aimed at obtaining revenue. It is very common to use the expression Material losses from the manufacture of numerous goods; however, almost all of these "losses" are, in reality, a cost, since they are values sacrificed in a normal way in the production process, being part of a sacrifice already known even in anticipation of obtaining the desired revenue.