What Is The Purpose Of/unique Feature Of The Net Income Account?

1.	What Is The Purpose Of/unique Feature Of The Net Income Account?
Answer» Net income (NI) is a company's TOTAL earnings (or PROFIT); net income is calculated by taking REVENUES and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. Net income also REFERS to an individual's income after taking taxes and deductions into account. Net income (NI) is a company's total earnings (or profit); net income is calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. Net income also refers to an individual's income after taking taxes and deductions into account.

Answer»

Net income (NI) is a company's TOTAL earnings (or PROFIT); net income is calculated by taking REVENUES and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. Net income also REFERS to an individual's income after taking taxes and deductions into account.

Net income (NI) is a company's total earnings (or profit); net income is calculated by taking revenues and subtracting the costs of doing business such as depreciation, interest, taxes and other expenses. Net income also refers to an individual's income after taking taxes and deductions into account.

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