Question

difference between loss and expense?​

Answer 1

Answer:

An expense is a cost used up in earning revenues in a company's main operations. ... Expenses also include costs used up during the accounting period such as interest expense, insurance expense, and depreciation expense. A loss is associated with a "peripheral" or "incidental" transaction.

Answer 2

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One of the main difference between loss and expense is that total loss is computed with the help of total expenses and effects the total capital invested in the business. On the other hand, expenses do not directly affect the capital invested in a business.❤️