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
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EXPENSES IN ACCOUNTING
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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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