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net loss |
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Net Loss The result that occurs when expenses exceed the income produced. Notes: A person or company with a net loss has not made a profit. Newer businesses often run at a net loss for the first few years while acquiring one-time expenses (equipment, buildings, technology, rights, etc.). However, every business should have a plan to work towards a breakeven point, and then onwards to profit! See also: Accountable Plan, Accounting Method, Capital Gain, Capital Loss, Gain, Net Income, Taxable Gain, Taxes
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