Net income
Net income increases equity. A negative result is a net loss.
Example
$2,900 for the month.
Learn and practice it
The income statement — Build an income statement from the adjusted trial balance and compute net income.
Open the lessonNet income increases equity. A negative result is a net loss.
Example
$2,900 for the month.
Learn and practice it
The income statement — Build an income statement from the adjusted trial balance and compute net income.
Open the lesson