Question

what is definition of gross loss?

Answer 1

A gross loss is the amount of money your business has paid for expenses such as equipment purchases, payroll, duty fees and leasing charges to keep your company in operation where as A net loss occurs when your business expenses exceed your total income for your business.

Hope it help

Answer 2

A gross loss is the amount of money your business had paid for expenses such as, equipment purchases,payroll , duty fees and leasing charges to keep your company in operation where as A net loss occurs when your business expenses exceed your total income