Net Income

The total revenue in an accounting period minus all expenses during the same period .If Income taxes and interest are not deducted, it is called operating profit or loss, as the case may be. Also called earnings, net earnings, or net profit.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s