net income
Definition
Total revenue in an accounting period less all expenses during the same period. If income taxes are not deducted, it is called operating profit (or Loss, as the case may be). Also called earnings, net earnings, or net profit.
net income is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
net income appears in the definitions of the following terms:
earnings,
bottom line,
contribution analysis,
return on investment (ROI),
net earnings,
final accounts,
earnings per share (EPS),
operating performance ratio,
influence diagram,
statement of retained earnings
and
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