Tag Archives: #BudgetPressure

What happens when liabilities exceed assets?

What happens when liabilities exceed assets When a company’s liabilities exceed its assets, it is known as a negative net worth or insolvency. This means that the company’s debts are greater than the total value of its assets. For more information to visit https://www.mca.gov.in In such a situation, the company may face serious financial difficulties… Read More »

Q447 Expenses exceeding revenues: What is it called when your expenses are greater than your revenues on an income statement?

Expenses exceeding revenues Definition Website link Expenses exceeding revenues: When expenses exceed revenues on an income statement, it is commonly referred to as a “net loss” or “operating loss.” This situation arises when a business or individual incurs more expenses than the income generated from its operations or other sources. In simpler terms, it means that… Read More »

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