Net Income, Net Loss, Net Profit, Net Quick Assets

Net Income, Net Loss, Net Profit, Net Quick Assets :

Net Income : USUALLY calculated by subtracting all the costs incurred from revenue : net profit : often a provisional amount, that is, qualified on the financial report as before sales expense, before administrative costs, before taxes, etc.

Net Loss : a loss that has been calculated after deducting the taxes, unforeseen expenditures etc.

Net Profit : the amount that has been calculated after deducting the taxes, unforeseen expenditures, etc.

Net Quick Assets : it displays the ability of the company to be able to sustain itself by meeting up the company’s obligation with the help of their easily convertible assets. It is, in other words, the amount of cash over and above the current liabilities. This particular amount of cash and other assets are also referred to as quick assets.

Net Income

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