1
Question
The excess of Expenses and losses over incomes and gains represents _________ .
The excess of Expenses and losses over incomes and gains represents _________ .
Open in App
Solution
The correct option is C Net Loss
Net Loss= Expenses+losses-Income-Gains.If any form of outflow> any form of inflow, the net position is negative and business is running at a loss.The amount is further moved to asset side in the balance sheet.
Net Loss= Expenses+losses-Income-Gains.
If any form of outflow> any form of inflow, the net position is negative and business is running at a loss.
The amount is further moved to asset side in the balance sheet.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
