LOSS Definition

Bookmark and Share

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

Learn new Accounting Terms

CONSOLIDATED FINANCIAL STATEMENTS is the end financial statement that accounts for all assets, liabilities and operating accounts of a parent and all subsidiaries.

COST ALLOCATION is the assignment to each of several particular cost-centers of an equitable proportion of the costs of activities that serve all of them, i.e. shared cost pools.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.