Difference between revisions of "Net income"
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*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 19:30, 4 January 2019
Net income (alternatively known as net profit; hereinafter, the Result) is the financial result of operations when revenue totals more than expenses. The Result can also be calculated while taking expenses away from the gross profit (or loss).
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Net income. The financial result of operations when revenue totals more than expenses.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
