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Damaris Lam
History
19 August, 05:47
What occurs when expenses are greater
than revenue
+3
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1
)
Nyasia Woodard
19 August, 06:08
0
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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