0
What else can I help you with?
Why is your Net Income on bottom line Profit and Loss statement is negative?
Net income is negative which means that either company has earn less revenue or have incurred more expenses then revenue earned.
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
When income exceeds expenses the difference is called?
penis
Net income will result if gross profit exceeds what?
expenses
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
What is the revenue-net income?
Net income equals revenue minus expenses minus taxes So, revenue minus net income equals expenses plus taxes
Why is your Net Income on bottom line Profit and Loss statement is negative?
Net income is negative which means that either company has earn less revenue or have incurred more expenses then revenue earned.
Does revenue generally mean after expenses or before expenses?
Revenue is before expenses or other costs of doing business. Revenue may be goods or services sold, or rent income , subscription income, interest income, or many other forms of income.
Where does accrued revenue go on the income statement?
An expense such as rent, utilities, insurance goes on the income statement because it is an expense that occurs to operate the business and it affects the net income of said business. If I have an income of $15,000 and I paid out expenses of $10,000 my net income is $5,000.
When income exceeds expenses the difference is called?
penis
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
Net income will result if gross profit exceeds what?
expenses
The sections of an income statement are?
*Heading *Revenue *Expenses *Net income
What are the key components of a profit loss statement for a small business?
A profit and loss statement for a small business typically includes revenue, expenses, gross profit, operating income, and net profit. Revenue represents the money earned from sales, while expenses are the costs incurred to generate that revenue. Gross profit is the difference between revenue and the cost of goods sold. Operating income is the profit after deducting operating expenses, and net profit is the final amount after all expenses are subtracted from revenue.
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
What is income collected to pay the nation's expenses?
revenue
