BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The difference between total revenue and total expenses when total expenses are greater is called a net loss.

Detailed explanation-2: -Net Loss: difference between total revenue and expenses when total expenses are greater.

Detailed explanation-3: -A net loss occurs when total expenses are higher than total revenue. This is the opposite of net profit and is usually recorded at the bottom line of the income statement. A loss can also refer to a cost that doesn’t relate to normal business operations.

Detailed explanation-4: -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-5: -Revenues and Expenses Rather, revenue is the term used to describe income earned through the provision of a business’ primary goods or services, while expense is the term for a cost incurred in the process of producing or offering a primary business operation.