A loss occurs when expenses are greater than:
A) assets
B) profit
C) revenue
D) costs

Name: A loss occurs when expenses are greater than: A) assets B) profit C) revenue D) costs
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenue is the primary source of income for a business. If expenses (costs to run the business) exceed revenue, then the business experiences a loss. Assets and profit are not necessarily related to the occurrence of a loss.

A Loss Occurs When Expenses Are Greater Than