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 »