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While revenue and profit both refer to money a company earns it s possible for a company to generate revenue but have a net loss.
Revenue and profit loss. Revenues are found on the statement of profit and loss ifrs 15. Capital expenditures. Revenue loss appears in the profit and loss account or income statement in the year in which it occurs. The profit and loss p l statement is a financial statement that summarizes the revenues costs and expenses incurred during a specified period usually a fiscal quarter or year.
This loss is made in the ordinary course or day to day operation of a business such as loss on sale of goods etc. This article reviews ifrs 15 revenue recognition criteria and definitions. Sales fees and royalties.
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