Net income equal to Revenues minus

A. Gains

B. Depreciation

C. Expenses

D. Capital expenditure

Answer: Option C

Solution(By Examveda Team)

Net income equal to Revenues minus Expenses. Revenue is the income generated before any expenses are taken out. Therefore, when a company is said to have "top-line growth," the company's revenue is growing. Revenue is also called net sales which is revenue minus any returns of purchased merchandise.

This Question Belongs to Commerce >> Accounting

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Comments ( 1 )

  1. Nikita Rao
    Nikita Rao :
    6 years ago

    The basic accounting equation is :
    a) asset= Expenses + income
    b) assets=cash + capital
    c) assets=Capital + liabilities
    d) assets= Expenses + Capital

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