⟩ What is net income?
Revenues and gains minus expenses and losses.
Revenues and gains minus expenses and losses.
Explain assets?
Assets are sometimes defined as resources or things of value that are owned by a company. Some examples of assets which are obvious and will be reported on a company's balance sheet include cash, accounts receivable, inventory, investments, land, buildings, and equipment.
Explain an accounting period?
What is income statement?
What are revenues?
What are expenses?
What are certain gains and losses?
Tell me about sales?
What is fiscal year for account manager?
What are noncurrent assets in accounting?