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- In accounting, a loss refers to12345:
- An excess of expenses over revenues.
- An unrecoverable and unanticipated decrease in a resource or asset outside of normal business operations.
- The result of the sale of an asset for less than its carrying amount.
- A decrease in net income that is outside the normal operations of the business.
- A one-time removal or decrease in a resource or asset.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A loss is an excess of expenses over revenues, either for a single business transaction or in reference to the sum of all transactions for an accounting period.www.accountingtools.com/articles/lossIn accounting, a loss is an unrecoverable and unanticipated decrease in a resource or asset outside of normal business operations.www.invoiceberry.com/accounting-terms/lossloss definition The result of the sale of an asset for less than its carrying amount; the write-down of assets; the net result of expenses exceeding revenues.www.accountingcoach.com/terms/L/lossDefinition: In financial accounting, a loss is a decrease in net income that is outside the normal operations of the business. Losses can result from a number of activities such as; sale of an asset for less than its carrying amount, the write-down of assets, or a loss from lawsuits.www.reviso.com/loss/In accounting, losses are a one-time removal or decrease in a resource or asset, and can occur due to costs that produce no benefit, a decrease in value of resources etc.debitoor.com/dictionary/losses - People also ask
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