To match expenses against the revenues means to subtract the expenses from the revenues in order to compute net income or net loss.
The nearer the air above the water approaches saturation, the less rapid will be the net loss from water.
net loss not recognized as pension cost
Conversely, if expenses exceed revenue, the income summary will have a debit balance representing net loss.
"Financial information is commonly classified into the categories of assets, liabilities, owner' s equity, revenues, expenses, and net earnings (or net loss), with the last three being essentially subdivisions of owner's equity."
Net income (or net loss) is the result of matching revenue with expenses.
A proportionate share of a net loss reported by the investor is recognized as a decrease in the investment.
The company posted a net loss of 8 million dollars last year.
It finally shows the net income or net loss.
Shanghai Airlines posted a net loss of163.27 million yuan( US$20.4 million) in the first half, compared with a13.35 million yuan( US$1.66 million) profit last year.
When revenue exceeds expenses, net income occurs, otherwise net loss occurs.
Financial accounting information is classified into the categories of assets, liabilities, owner's equity, revenues, expenses, and net earnings (or net loss).
"Each period, the retained earnings account is credited for the amount of net earnings or debited for the amount of net loss."
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