When we reduce Total expenses from Revenue , the result is called as ........... a. Cost b. Revenues c. Expenses d. Net income or Net Loss
When we reduce Total expenses from Revenue , the result is called as ........... a. Cost b. Revenues c. Expenses d. Net income or Net Loss
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 7TF: When total revenues exceed total expenses, the difference is called net loss.
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Question
When we reduce Total expenses from Revenue , the result is called as ...........
a.
Cost
b.
Revenues
c.
Expenses
d.
Net income or Net Loss
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