Is there a formula to find the gain or loss?
A new company recorded a gain of 3000 in the first months. A loss of 1700 in the second month of 2300 and a loss in the third month. What is the net income to net loss during the first three months? How do I can tell if it is a net loss or gain? What is the formula?
Revenues less expenses or benefits = Add a loss: For Therefore, with the additions: 1 month: 3000 2 months: 3 months -1700: 2300 Total: -1000 There is a loss of 1000 the "formula" is simple addition and subtraction ..
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