Difference between revisions of "Net income"
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| + | [[Net income]] is the financial result of [[operations]] when [[Fiscal Revenue|revenue]] totals more than [[expenses]]. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Net income]]. The financial result of [[operations]] when [[Fiscal Revenue|revenue]] totals more than [[expenses]]. | ||
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| + | ==Related concepts== | ||
| + | *[[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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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 10:15, 21 December 2018
Net income is the financial result of operations when revenue totals more than expenses.
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.
