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closing your books for the period means clearing the running balance in your operating accounts by posting the revenue and expense balances to income summary. if your expenses are greater than the period’s revenue, you record a debit balance in the income summary account, reflecting a net loss. top answer: does not seem to be a going concern in the light of accumulated losses and weak liquidity position. accounting and financial expertise opinion required for this balance sheet from you? who is the expense it is shown in income statement and balance sheet, but phys accounting relationship: linking the income statement and balance sheet net income (loss): the difference between revenues and expenses is expressed as a positive or negative how do we treat net loss in the balance sheet? if it is net loss then we have to deduct from capital at. if it is loss on sale of an asset then we have to closing your books for the period means clearing the running balance in your operating accounts by posting the revenue and expense balances to income summary. if your expenses are greater than the period’s revenue, you record a debit balance in the income summary account, reflecting a net loss. a company’s retained earnings or accumulated deficit equals the total net income minus the total dividends paid minus the total net losses incurred since its inception. retained earnings is an equity account that is found on a company’s balance sheet. the account balance carries the net income a company has earned from seriously, we need to see the top half of the balance sheet, is it a company? there must be long term finance to support the deficit otherwise a net operating loss (nol) is a loss taken in a period where a company’s allowable tax deductions are greater than its taxable income., explain accumulated loss, how to show net loss in balance sheet, accumulated losses examples, why is loss shown as an asset, treatment of net loss in balance sheet, net loss in profit and loss account, how to record loss in the balance sheet, why loss is shown on asset side
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