net income
net income
English Definitions:
net income, net, net profit, lucre, profit, profits, earnings (noun)
the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
net income (Noun)
Gross profit minus operating expenses and taxes.
Net income
In business, net income - also referred to as the bottom line, net profit, or net earnings - is an entity's income minus expenses for an accounting period. It is computed as the residual of all revenues and gains over all expenses and losses for the period, and has also been defined as the net increase in stockholder's equity that results from a company's operations. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss. Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people", and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax. In contrast, net income is a precisely defined term in accounting.
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"net income." Kamus.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.kamus.net/english/net+income>.
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