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In any type of business there is a possibility of occuring loss write any 3 reason for this?
The 3 reasons of occuring losses in a business are:

1. When a company makes less money than it earned during a given period, such as a month or fiscal quarter. Or when the total expenses of the company exceed the total incomes of the company.

2. When an adverse, irregular economic event or natural calamities occurs.

3. When the transactions are wrongly posted.


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