ENTREPRENEURSHIP

Detailed explanation-1: -The main difference between expenses and losses is that expenses are incurred in order to generate revenues, while losses are related to essentially any other activity. Another difference is that expenses are incurred much more frequently than losses, and in much more transactional volume.

Detailed explanation-2: -Net loss, or net operating loss, is when an organization’s total expenses exceed its total income or revenue for a specific period. Net loss is the opposite of net income, in which income or revenue exceeds expenses and results in a profit.

Detailed explanation-3: -Net profit increases the capital and net loss decreases it.