A loss occurs when a business's expenses are greater than its:
A)assets.
B)profit.
C)revenue.
D)costs.

Question

Quizplus · Accepted Answer

Revenue represents the total amount of money a business earns from selling its goods or services. If expenses (including costs) are greater than revenue, the business experiences a loss, which signifies a negative profit. Assets, on the other hand, are the resources a business owns or controls, and do not necessarily determine whether the business is profitable or not.

A Loss Occurs When a Business's Expenses Are Greater Than