Loss: Difference between revisions
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(Created page with "{{Learning concept |Description=A decrease in equity resulting from unprofitable operations. }}") |
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{{Learning concept | {{Learning concept | ||
|Description=A decrease in equity resulting from unprofitable operations. | |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. | ||
|Wikipedia reference=http://en.wikipedia.org/wiki/Gain_%28accounting%29 | |||
}} | }} | ||
Latest revision as of 18:52, 15 January 2014
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 |