What is the meaning of net incaome?
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Answer / kalyani
In general: sum remaining after all expenses have been met
or deducted; synonymous with net earnings and with net
profit or net loss (depending on whether the figure is
positive or negative).
For a business: difference between total sales and total
costs and expenses. Total costs comprise cost of goods sold
including depreciation; total expenses comprise selling,
general, and administrative expenses, plus Income
Deductions. Net income is usually specified as to whether
it is before income taxes or after income taxes. Net income
after taxes is the bottom line referred to in popular
vernacular. It is out of this figure that dividends are
normally paid. See also Operating Profit (or Loss).
For an individual: gross income less expenses incurred to
produce gross income. Those expenses are mostly deductible
for tax purposes.
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Answer / ashu
net income is the difference between indirect expenses and
g/p+ indirect income
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Answer / gopi
after we balance the incomes and expenses than we have debit
balance that was the net profit
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Answer / mahendar kumar chaurasia
net income is net earning after deductions all expances
during the perioed of fanancial .
other think . net profit = gross profit + direct income -
all indiarect expances,
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Answer / rajesh
This is the bottom line of the income statement. It is the
mathematical result of revenues and gains minus the cost of
goods sold and all expenses and losses (including income
tax expense if the company is a regular corporation)
provided the result is a positive amount. If the net amount
is a negative amount, it is referred to as a net loss.
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