Loss

From LinkedAUB Collab
Jump to navigation Jump to search

Description

A decrease in equity resulting from unprofitable operations. The most common example is the sale of an asset at a price below book value.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Gain %28accounting%29

Learning Material

Covered in Topic(s)

 
Financial Assets
The Accounting Cycle: Capturing Economic Events