Question

formulas is used to calculated the net income for an accounting period?​

Answer 1

Answer:

The net income formula is calculatedby subtracting total expenses fromtotal revenues. Many different textbooks break the expenses down into subcategories like cost of goods sold, operating expenses, interest, and taxes, but it doesn't matter. All revenues and all expenses are used in this formula.

Hope this helps you!!

Answer 2

Answer:

The answer is calculated hai.