Question

difference between loss and expense ??​

Answer 1

Answer:

Explanation:

Hala mate

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

Explanation:

loss: the fact or process of losing something or some one.

expense: it is an amount for which some benefit has gained. (e.g.expenditure of rent paid)