BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The excess of expenses over related revenues is known as loss. It also refers to money or money worth lost without it being beneficial in return, e.g., cash or goods lost by theft or a fire accident, loss on sale of assets, etc.

Detailed explanation-2: -What is a Loss? Definition: In financial accounting, a loss is a decrease in net income that is outside the normal operations of the business. Losses can result from a number of activities such as; sale of an asset for less than its carrying amount, the write-down of assets, or a loss from lawsuits.

Detailed explanation-3: -A net loss is when total expenses (including taxes, fees, interest, and depreciation) exceed the income or revenue produced for a given period of time. A net loss may be contrasted with a net profit, also known as after-tax income or net income.

Detailed explanation-4: -What is a business loss? A business loss occurs when your business has more expenses than earnings during an accounting period. The loss means that you spent more than the amount of revenue you made. But, a business loss isn’t all bad-you can use the net operating loss to claim tax refunds for past or future tax years.