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Revenues are earnings from sales of products and net income is the difference between revenues and expenses.
Net cash flow is the difference between income and expenditure.
Net cash flow is the difference between income and expenditure.
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
Net Income
Net cash flow is the difference between income and expenditure.
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure
Your gross income is your income before anything is taken out. Your net income is your remaining income after deducting taxes and expenses--so on your paycheck, your net is your "take home pay".
Gross income is the raw income earned while net income is after deductions of interest taxes while taxable income is that income on which tax is calculated.