ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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income
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net loss
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gross income
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None of the above
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Detailed explanation-1: -A net loss occurs when the sum total of expenses exceeds the total income or revenue generated by a business, project, transaction, or investment.
Detailed explanation-2: -When income is less than expenses, you have a budget deficit.-too little cash to provide for your wants or needs.
Detailed explanation-3: -If the revenue is greater than expenses, a net profit is earned and if the revenue is less than expenses, a net loss is incurred.
Detailed explanation-4: -Net income is the excess of revenues over expenses. This measurement is one of the key indicators of company profitability, along with gross margin and before-tax income.
Detailed explanation-5: -If revenues are less than expenses, the company has a net loss and Common Stock increases to balance off the loss.