Net Income = Revenue - Expenses
Net Income is the money that a company made (or if it’s negative, the money that a company lost).
Follow along with Akko, our small biz heroine, as she creates Journal Entries for her sales and purchases.
View the lesson, quizzes and exercises at http://www.smallbusinessdoer.com/lessons/ae-cheat-sheet-part-3-revenue-expenses/
Download the Accounting Equation Cheat Sheet by becoming a Small Biz Doer member at http://www.smallbusinessdoer.com