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Net income equal to Revenues minus

This question belongs to Commerce Accounting
Accounting
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Net income equal to Revenues minus

Answer & Solution
Correct Answer: Option C
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.
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1 Comment
Nikita Rao
Nikita Rao 8 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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