BUISENESS MANAGEMENT
MERCHANDISING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Net Profit
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Net Loss
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Net Book Value
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Net purchases
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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. Businesses would report a net loss on the income statement, effectively as a negative net profit.
Detailed explanation-2: -When expenses exceed revenues, the company has a net loss. Report it on a company’s income statement.
Detailed explanation-3: -If the result is positive, the revenue is more than expenses, making a profit. Conversely, if the number is negative, the company makes a loss because its expenses are more than total revenue.
Detailed explanation-4: -If the company’s revenue is greater than its expenses, it will have a profit. On the other hand, if a company’s expenses are greater than its revenue, it’s operating at a loss.