Question

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can u please tell me difference between gain and loss​

Answer 1

Answer:

Gain refers to acquiring something. Loss means the deprivation from keeping something, for example, bearing the loss of a theft. It refers to something which is lost, for example, the theft of jewelry was a great loss

Explanation:

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Answer 2

Answer:

what sure

Explanation:

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QUESTION⬇️⬇️⬇️

can u please tell me difference between gain and loss

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GAIN= Gain refers to acquiring something.

LOSS= Loss means the deprivation from keeping something,

FOR EXAMPLE:- bearing the loss of a theft. It refers to something which is lost, for example, the theft of jewelry was a great loss.

HOW DO YOU DETERMINE THE DIFFERENCE BETWEEN GAIN AND LOSS?? :-

If the cash received is greater than the asset's book value, the difference is recorded as a gain. If the cash received is less than the asset's book value, the difference is recorded as a loss.

THANKU❤