What Is an Ordinary Loss?
Loss is a Chinese vocabulary, pronounced s n sh, which means that there is no compensation for losing something. Also refers to damage, loss, destruction. Loss can be used both as a verb and as a noun. Antonyms are gains, gains.
- [sn sh]
- Loss is a Chinese vocabulary, pronounced sn sh, which means losing something, there will be no
- (1) [lose]: Damage is lost and destroyed.
- Investors suffered heavy losses.
- (2) [loss]: Lost person or thing.
- This is the loss caused by the severe flood to the people of Sichuan. -"We fought a great victory" [1]
- Refers to damage and loss.
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- definition
- It refers to the net outflow of economic benefits arising from non-routine activities of the enterprise that will cause the owner's equity to decrease and has nothing to do with the distribution of profits to the owner. Specifically, it refers to losses and other losses caused by force majeure factors such as fixed losses and damages to fixed assets and inventories that occur in the production and operation activities of enterprises, loss of property transferred, loss of bad debts, loss of bad debts, natural disasters and other factors. [2]
- There are two types of gains and losses:
- One is the gain or loss that is directly included in the owner's equity;
- One is the gain or loss that is directly included in the current profit.
- The gain or loss can involve a lot of business:
- Profits or losses included in the current period of profit include the following: loss of trading losses, extraordinary losses, non-profit donation expenditures, trading profits, government subsidies, donation gains, gains or losses from the disposal of non-current assets, exchange of non-monetary assets Gains or losses, gains or losses on debt restructuring, etc. Generally, gains or losses included in current profits are calculated using the "non-operating income" and "non-operating expenses" subjects.
- The gain or loss included in the owner's equity is generally calculated using the "capital reserve-other capital reserve" account. Common business changes in the fair value of available-for-sale financial assets are recorded in owner's equity and the investee's net profit or loss When the other equity changes, the investor's capital reserve increases or decreases according to the share it should enjoy.
- The term of enterprise income tax law : that is, various non-operating expenses during the production and operation of the taxpayer, operating losses, investment losses and other losses that have occurred.
- Loss in accounting refers to the outflow of economic benefits that are caused by the non-daily activities of the enterprise and will cause the owner's equity to decrease and have nothing to do with the distribution of profits to the owner.
- The net loss of fixed asset replacement, the net loss of intangible asset replacement, and external donation expenditures, etc., are losses directly recorded in profit, while fixed assets transferred to capital reserve without compensation are gains directly included in owners' equity; The transfer of fixed assets included in capital reserve is a definition of risk loss in loss insurance that is directly included in owner's equity.
- Risk loss refers to the combination of multiple losses caused by one or more unexpected events in a specific condition and inside and outside a specific enterprise. Losses incurred within an enterprise are referred to as corporate risk losses; the rest are called corporate external risk losses. Risk loss is a combination of various losses inside and outside the enterprise caused by accidents. This is actually emphasizing the complexity of the risk loss composition and the difference from non-enterprise risk loss. Under normal production and operation conditions, enterprises will also suffer losses of one kind or another, such as normal downtime losses, waste losses, etc. These are not the focus of research here. The so-called risk loss refers to the unexpected loss. There are many types of risk losses.