Loss

Loss ... Income Tax Lec - "Profit Includes Loss" ,
"Income includes Negative Income which can be called Loss loosely",
"Loss in some cases is beneficial ... Helps Tax planning",
"Loss Return if not filed, loss cannot be carried forward"

Loss ... Accounts Lec - "Loss is excess of expenses over revenue"
"Loss is the balancing figure on the credit side of the P&L Account"
"Loss must be seen objectively"
"Only monetary losses are considered"
"Anything that can be translated into money can be a profit or loss"
"Loss need not mean a liability"
"Intangibles having a value will have loss"
"Cost price higher than Selling Price ensures a loss"


Loss ... Costing - " Costing loss excludes Financial items"
"Objective costing looks into Loss ... is it marginal or total?"
"Marginal Loss - additional loss incurred to produce or not produce an additional unit /commodity/service"
"Total Loss includes Fixed Loss; Marginal Loss is variable loss ... contribution is higher than sales value"
"Costing recognizes 3 states - Profit , breakeven and loss ... in a way, break even can be called loss of margin of safety"

Loss ................
Loss?
A drop of tear,
a moment of silence,
a cacophony of voices,
a moment of sorrow,
the passing away of my grand dad,
the breaking up with my boy friend...
another birthday,
a moment of regret,
a rash decision,
a fight fought,
a lie told,
a wasted childhood,
an aimless adulthood ....

Loss .....loss.