Loss

Difference between Loss Payee and Mortgagee
A loss payee is a person or entity listed on insurance documents to whom the check for damages will be issued in the event of a loss. A mortgagee is a...
Difference Between Blackout and Whiteout
Blackout refers to the loss of consciousness as a result in a sudden drop of the blood pressure which in turn leads to a decrease in the flow of blood...
Difference Between Lose and Loss
Loss means an instance of losing, such as a defeat when used as a noun. ... Loss is a noun that means "something that is lost, a detriment." Lose is a...
Difference Between Loss and Lost
Is it lost or loss? Both words have to do with losing something, but they are different parts of speech. Loss is a noun and refers to the act of losin...
loss on disposal entry
The disposal of assets involves eliminating assets from the accounting records. ... Debit all accumulated depreciation and credit the fixed asset. Los...
how the normal and abnormal losses are calculated and treated in consignment accounting?
In consignment, the normal loss is ignored which means its value is absorbed by remaining good units in the stock. For example, A consigns 1,000 units...