LOSS - strata

The Word of the Week:

LOSS (noun)

/ˈprɒfɪt/

Definition:

A situation in which a business spends more money than it earns.

Example:

This has resulted in price volatility and great financial losses for farmers.

Polish Translation:

strata

Did you know?

The profit and loss account is part of the financial statement.

Check your memory:

__________ is the money that remains after you have paid all your business costs.

CHECK THE ANSWER