What is the difference between ngross and net income?

Revenues are earnings from sales of products and net income is the difference between revenues and expenses.

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 operating income is income which is earned from basic operating activity of business while net income is included income from other activities as well.

Net cash flow is the difference between income and expenditure.

Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.

Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.

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.

No journal entry for net income it is the difference between total expenses and total revenue and it is the balancing figure

Net ordinary income includes from basic operating activity as well as other incomes whils net operating income includes income only generated from basic business operating activity.

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 operating income (must be a positive number, otherwise would be net operating loss) is the amount after expenses have been deducted out of sales, BUT before INTEREST and INCOME TAXES have been deducted (also called EBIT: Earning before Interest and Taxes). Therefore, the difference is that Net operating income includes interest and income tax expenses, where as Net Income does not include it. Sales (-)CGS Gross profit (-)Operating expenses/depreciation Net operating Income (EBIT) (-)Interest…

Net income included the non cash items as well while in net cash from operations only cash items are included and net income is adjusted for non cash items.

Yes income in balance sheet is the same amount which is calculated in income statement if there is any difference then it may be due to distribution of net income between retained earnings and dividend.

Gross is what you make before taxes and anything else is taken out. Net is what you take home after it is all taken out.