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The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
Wiki User
∙ 14y ago
Wiki User
∙ 6y agothe amount of paycheck after withholdings
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What is best definition of net income?
"Net income" simply means income minus expenses.
What is the definition of net income?
the amount of paycheck after withholdings
Is the best definition of net income?
the amount of paycheck after withholdings
What is the best definition of net income?
the actual amount of a paycheck after withholdings
How do you calculate retained earningdefinitionformula?
Definition: Retained earnings is that part of net income which is not available to distribute to shareholders in the form of dividend. Formula: Retained earnings = net income - dividend
What is best definition of gross income?
Gross income is the money you earn before taxes and national insurance has been deducted. Once deducted, you are left with a net income.
Formula for net income?
Net income percentage = Net income / Revenue
Which section of the income statement does not report net of income taxes or net of income?
Trading account statement does not report net of income taxes or net of income.
Formula for net income percentage?
Net income percentage = Net income / Revenue
How is gross income different from net income?
net income is gross income less expenses
What is net income if revenue is 45000 expenses are 25000 purchased assets are 5000 and owner drawings are 3000?
Formula for net income is as follows: Net income = sales - expenses net income = 45000 - 25000 net income = 20000
When is income summary a net loss?
when net income is zero
