EXPENSES IN ACCOUNTING

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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 

 

 

Replies (3)

Because we get gain by way of service (or goods) in equal amount of expense.

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

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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