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MICROFILM DIVIDER[\'We, f. NL!ll111F,HIJESCIUPTION2001 HOUSE AGRICULTURE HE 1034200 I 1OlJSI: Standing (\'COMMITTED: Mint IT’S BILL./Resolution NO. LLB I 0.14I louse agriculture Committee Confo1cncc
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nl stands for 'Net Loss' which is the amount by which total expenses exceed total revenue in a given period.
Businesses and individuals who experience a net loss in a financial period are required to file nl.
To fill out nl, you need to calculate the total revenue and total expenses for the given period, subtract the expenses from the revenue to determine the net loss, and report it accordingly.
The purpose of nl is to show the financial performance of a business or individual when expenses exceed revenue.
The information reported on nl includes total revenue, total expenses, and the resulting net loss for the financial period.
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