Question

what is loss ? give me fast answer

Answer 1

Hey genius here is your answer

A reduction in net income that comes from a judgement against the company. Generally, accounting principles stipulate that such losses must be recorded when the amount of the loss is determined to be probable and the amount can be estimated.

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Answer 2

the state of no longer having something or not having as much as before; the act of losing something.

I hope this helps you.