HomeNet loss occurs when? Net loss occurs when? A. Expenses are greater than Income B. Expenses are less than Income C. Expenses=Income D. Liabilities are greater than income Right Answer: Expenses are greater than Income Share : January 9, 2018 Asghar Khan Accounting Total 0 Votes: 0 0 Tell us how can we improve this Mcqs? Captcha: + = Verify Human or Spambot ? Related Mcqs Check Below -The amount invested by the proprietor to start the business is called?If debit side of a bank account is greater than credit side it indicates which of the following?The balance of Revaluation Reserve pertaining to an asset that has been disposed off or retired can be transferred to?