ENTREPRENEURSHIP

Detailed explanation-1: -Net income indicates a company’s profit after all its expenses have been deducted from revenues.

Detailed explanation-2: -Net profit (also called net income or net earnings) is the value that remains after all expenses, including interest and taxes, have been deducted from revenue. This is the final figure located at the bottom of the income statement.

Detailed explanation-3: -Net income, or net profit, is what a business has left after subtracting all of its expenses from revenue. Net income is commonly referred to as the bottom line, because it’s the last line of an income statement.

Detailed explanation-4: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time. To arrive at this value, you need to know a company’s gross profit. If the value of net profit is negative, then it is called net loss.