MANAGEMENT

Detailed explanation-1: -What is Net Income? Net income is the amount of accounting profit a company has left over after paying off all its expenses. Net income is found by taking sales revenue and subtracting COGS, SG&A, depreciation, and amortization, interest expense, taxes and any other expenses.

Detailed explanation-2: -Net income after tax (NIAT) is an entity’s profits after deducting all expenses and taxes in a fiscal period. NIAT is also commonly referred to as a company’s bottom-line profitability.

Detailed explanation-3: -Net profit is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.

Detailed explanation-4: -Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes. In commerce, net income is what the business has left over after all expenses, including salary and wages, cost of goods or raw material and taxes.

Detailed explanation-5: -Net income, also known as net profit, is a single number, representing a specific type of profit. Net income is the renowned bottom line on a financial statement.