A situation in which a business or an organization spends more money than it earns, or loses money in another way. https://dictionary.cambridge.org/es/diccionario/ingles/loss

An accounting profit is the excess of business income over the business expenses. The business earns money after selling their goods or services. If the

A written record of a commercial transaction. (source: http://www.thefreedictionary.com/accounting+entry)

Periodic statements which show financial position of a firm at a given time, or over a stated period, resulting from its business transactions and operations.

An accounting year is almost always a period of twelve months, but it does not necessarily have to follow the beginning and end of the