Fill in the blank with the most appropriate word:
The state Transportation Corporation has………. a loss of 5 crore
INR this year.
Explanation
Complete Sentence:
"The state Transportation Corporation has incurred a loss of 5 crore INR this year."
Mathematical Representation
In accounting and finance, if R represents total revenue and C represents total costs, a loss occurs when C > R. The amount incurred (L) is calculated as:
Given the specific values in your question:
The term incurred is specifically used in formal and business English to describe becoming subject to something unwelcome (like a debt, cost, or loss) as a result of one's own behavior or circumstances.
