Question

How to calculate net income from balance sheet?​

Answer 1

Net Income can also be calculated using a rewrite of the Accounting Equation:

From: Assets = Liabilities + Equity

To: Assets – Liabilities = Total Equity (Owners Equity + Net Income)

Move Owners Equity to the other side of the equation as well and the equation becomes:

Assets – Liabilities – Owners Equity = Net Income – or –

Net Income = Assets – Liabilities – Owners Equity

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