Answer:
The amount decreases with negative value so, Losses occur and the loss amount is $ 1,950 .
Step-by-step explanation:
Given as :
The accountant fee amount = $ 25,050
The accountant expenses amount = $ 27,000
Now, Let The profit = P
And The loss = L
∵ expenses amount = $ 27,000 and fee amount = $ 25,050
So, fee amount - expenses amount = $ 25,050 - $ 27,000
I.e fee amount - expenses amount = - $ 1,950
As the amount decreases with negative value so, Losses occur
So, The loss amount = L = $ 1,950
Hence The amount decreases with negative value so, Losses occur and the loss amount is $ 1,950 . Answer
