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29 September, 10:00

What occurs when expenses are greater

than revenue

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  1. 29 September, 12:21
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    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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