Net income & net loss
Net income results when revenues exceed expenses. A net loss occurs when expenses exceed revenues.
Category: Accounting & Auditing
Previous: ← Owner’s equity statement
Next: Bookkeeping →
More from this Section
- Purchase discount
Purchase discount means a cash discount claimed by a buyer for prompt payment of a balance ... - Book value of common stock
Book value of common stock is the amount per share that stockholders would theoretically ... - Copyrights
The federal government grants copyrights which give the owner the exclusive right to reproduce ... - Static budget
A static budget is a projection of budget data at one level of activity. These budgets ... - Cost-volume Profit (CVP) graph
Cost-volume Profit (CVP) graph refers to a graph that shows the relationship between costs, ...