Loss
The result when a period's expenses exceed its revenue.
A loss is a real outcome of a reporting period, not a failure of the statement, and a seasonal business can post one on schedule.
Taught In
See Also
3.6.A.1
The result when a period's expenses exceed its revenue.
A loss is a real outcome of a reporting period, not a failure of the statement, and a seasonal business can post one on schedule.
3.6.A.1