LOSS Definition

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LOSS, in finance, is when expenses exceed sales or revenues, i.e. goods or services are sold for less than their cost.

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SHARE is one unit of ownership interest in a company, mutual fund, limited partnership, etc.

SINGLE-ENTRY BOOKKEEPING is a simple bookkeeping system in which all transactions are recorded in a single record (e.g., a checkbook that indicates expenditures only). Single-entry does not rely upon equal debits and credits.

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