Question

what is difference between loss and expances ?
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Answer 1

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

Answer 2

Answer:

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

I hope it will help you.......