Question

How is net loss adjusted in balance sheet? ​

Answer 1

Answer:

Adjusting entries bring your records current so that you can prepare your financial statements and calculate your net income or net loss for the period. Your net income or net loss equals your total revenues minus your total expenses for an accounting period. If revenues are less than expenses, you have a net loss.

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Answer 2

Answer:

ait adjust by total revenue of the profit and loss which sub the total expenses