Income and Income/(expense): Difference between pages

Latest revision as of 16:06, 1 July 2022

Income / (expense) is a sign convention under which items of income are positive numbers, and expenses are negative.

Negative numbers are often shown (in brackets) for emphasis.

For example:

Income +12

- Expenses (9)

= Net income +3

Taking another example:

Income +12

- Expenses (14)

= Net expenses (2)

@@ Line 1: / Line 1: @@
-The amount of monetary or other returns that a person or organisation receives either as a reward for effort such as a salary, or as a return on investments such as interest.
+Income / (expense) is a sign convention under which items of income are positive numbers, and expenses are negative.
+Negative numbers are often shown (in brackets) for emphasis.
-== See also ==
-* [[Accrued income]]
-* [[Active income]]
-* [[Circular flow of income]]
-* [[Comprehensive income]]
-* [[Deferred income]]
-* [[Discounted income model]]
-* [[Employee Retirement Income Security Act]]
-* [[Exempt income]]
-* [[Expenditure]]
-* [[Expense]]
-* [[Fixed income]]
-* [[Income elasticity of demand]]
-* [[Income statement]]
-* [[Income statement exposure]]
-* [[Income Tax]]
-* [[National income]]
-* [[Net income]]
-* [[Passive income]]
-* [[Real income]]
-* [[Revenue]]
-* [[Salary]]
-* [[Statement of comprehensive income]]
-* [[Taxable income]]
-* [[Turnover]]
-* [[Universal basic income]]
-[[Category:Accounting,_tax_and_regulation]]
+For example:
+Income +12
+- Expenses (9)
+= Net income +3
+Taking another example:
+Income +12
+- Expenses (14)
+= Net expenses (2)
+==See also==
+*[[Assets/(liabilities)]]
+*[[B/(W)]]
+*[[Financial model]]
+*[[Income statement]]
+*[[Inflow/(outflow)]]
+*[[Mostly positive]]
+*[[Sign convention]]
 [[Category:The_business_context]]