Question

distinguish between loss and expense for accountancy​

Answer 1

loss is a decrease in net incom that is outside the normal operations of the business.

For example if a person buys some goods fot 1000 rs and due damage in some goods he sells them all to a retailer for 950 rs.

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.

For example a soap company spends money for the advertisement of the product to attract customers and earn profit.