when we do expenses we lose that money as well as the potential income that we could have earned but why do we don't consider that potential income as loss in accounting
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166740 Points)
Replied 10 November 2022
Because we get gain by way of service (or goods) in equal amount of expense.
VISHNU
(NIL)
(43 Points)
Replied 10 November 2022
What if the gain we receive by incurring such expenses is less than the potential income then in such a case are we actually incurring a loss
Ahmed Malik
(55 Points)
Replied 10 November 2022
Money as well as the potential income
chinesebuffetnearmenow.net that we could have earned but why do we don't consider that potential income as loss in accounting.
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