Accounting for IGCSE & O level - Final Statements (Section 3 - No. 48)
What is the effect on the income statement of a net loss?
Increases net assets and owner's equity.
Decreases net assets and owner's equity.
Has no effect on net assets or owner's equity.
Increases profit.
คำอธิบาย
A net loss decreases net assets and owner's equity.