Revenue Is Less Than Expenses
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A loss is when revenue is less than expenses.
Revenue is less than expenses. Revenue is the total income earned by a business while expense is a total cost acquired in the process of a business plan. Assets are greater than liabilities. Net sales gross sales customer discounts returns allowances gross profit net sales cost of goods sold operating profit gross profit total operating expenses net profit operating profit taxes interest net profi. Revenues are less than expenses.
Net income results when.
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