Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
By matching revenues and expenses in the same period in which they incur, net income or loss will be properly reported on the income statement.
Earning is more in sense of sales revenue while net income is different in this sence that it is the difference between revenues or earnings from expenses.
Net Income = Revenues - Expenses Net income = 200000 - 190000 Net income = 10000
Total Revenues - All Expenses = Net Income
yes
revenues exceed expenses.
Net income is your revenues minus your expenses. For example, if a store had $100,000 in sales, but their expenses for rent, employees, supplies, etc is $60,000 then they had a net income of $40,000.
Matching
revenues minus cost of goods sold.
Net Income is revenue minus expenses. Assets minus liabilities is Net Worth.
Net income
Target Net income = (Target Operating income)-(Target Operating income x Tax rate) Target operating income = (Revenues-Variable costs)- Fixed Costs