Define: Gains And Losses

UK Accounting Glossary

Definition: Gains And Losses


Quick Summary of Gains And Losses


This typically refers to losses due to foreign currency transactions. The fluctuation of exchange rates between the time a payment is made and when the bank converts the currency may result in a gain or loss.




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Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/gains-and-losses/.
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Gains And Losses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/gains-and-losses/ (accessed: November 22, 2019).
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Gains And Losses. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/gains-and-losses/

Definition Sources


Definitions for Gains And Losses are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th December 2018.