Question

how does a buisness define the loss

Answer 1

AS PER FINANCIAL ACCOUNTING OF LOSS

THE BUSINESS IN THE ACCOUNTING TERM THE LOSS IS AN EXCESS OF EXPENSES OVER REVENUE EITHER FROM A BUSINESS OF SINGLE TRANSACTION OR MULTIPLE TRANSACTION .

THE LOSS IS A DECREASES IN NET INCOME THAT S IS OUTSIDE THE NORMAL OPERATIONS OF THE BUSINESS .

EG ; THE WRITE DOWN VALUE OF ASSETS , SALE OF ASSETS LESS THAN THE CARRYING AMOUNT   

IN GENERALLY BUSINESS LOSS DEFINED AS THE UN RECOVERABLE AND USUALLY UN ANTICIPATED AND NON RECURRING REMOVAL OF DECREASES IN AN ASSETS OR RESOURCE