s99l16m4p7r524 s99l16m4p7r524
  • 07-05-2018
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contestada

what occurs when expenses are greater
than revenue

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cspaeny cspaeny
  • 07-05-2018
The revenue remaining after the expenses have been deducted is net income (also called net profit). When there is a net income, the owner's equity is increased. On the other hand, if expenses are greater than revenue, the result is a net loss, which decreases the owner's equity.
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