Revenues Minus Expenses Equals Income

The income statement presents all revenues and all expenses.

Revenues minus expenses equals income. Profit is directly related to products and services. Net income equal to revenues minus. Net income is gross income minus taxes. C expenses bu tcgs should be minus before expenses.

Net income plus operating expenses equals gross profit or total revenue. Operating income is called earnings before interest and taxes. Correct answer is c expenses less revenues will arrive net income. Operating income is equal to total revenues minus cost of goods sold labor and general expenses.

The net income is the primary measure of a company s financial performance for a particular period. In most industries. Operating income can also be calculated by deducting operating expenses from gross profit. Revenues minus expenses is equal to net income.

Net sales gross sales customer discounts returns allowances gross profit net sales cost of goods sold operating profit gross profit total operating expenses net profit operating profit taxes interest net profi. To calculate net income accountants subtract total expenses from total revenues. Upvote 0 downvote 0 reply 0 answer added by saidul alam accountant akhtar al balushi trad. Gross income is basically revenues and gains minus expenses and losses.

L l c 5 years ago. Revenue is the total amount of income generated by the sale of goods or services while income is earnings or profit revenue minus expenses. The revenue number is the income a company generates before any expenses are taken out.