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Net Profit / Loss
It is the difference between the gross profit or loss and the total indirect income/expenses of a business. If the difference is a positive value, it’s Net Profit, and if the difference is negative, then it’s Net Loss for a business during a ...
Operating Income
Operating income relates to that part of the revenue which is associated with the operating activities of the company. The operating activities are the core business functions which is linked to the sale of goods or services. For example, XYZ company ...
Invoice
A document issued by a seller to a buyer to acknowledge a sale transaction. An invoice contains the contact details, item details, quantity, price, total taxable value and the total amount payable by the buyer. The invoice is issued at the time of a ...
Network
A group of interconnected computers capable of exchanging information. A network can be as few as several personal computers on a LAN or as large as the Internet, a worldwide network of computers.
Revenue
The income from operating and non-operating activities of a business like sale of goods or services, interest income, etc is known as the revenue for a business. Revenues help to increase the value of Assets and decrease the value of liabilities in a ...