Question

distinguish between loss and expense​

Answer 1

loss means getting loss at a certain thing and 3xpense means the money expended

Answer 2

Expense
A cost used up in earning revenues in a company's main operations, they usually take the form of an outflow or depletion of assets such as cash & cash equivalents, inventory, or property, plant and equipment. Some examples of expenses include advertising expense, commission expense, rent expense, cost of goods sold, salaries expense, and so on. Expenses also include costs used up during the accounting period such as interest expense, insurance expense, and depreciation expense.

Loss 
Those are other items that meet the definition of expenses, associated with a "peripheral" or "incidental" transaction. Examples of losses include the loss on the sale of an asset used in the business, loss from a lawsuit settlement, and loss from retirement of bonds



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