How do you calculate net income on a balance sheet
Asked by admin @ in Business viewed by 299 People
How to calculate net income from balance sheet?
Answered by admin @
The difference between the Balance Sheet Accounts will equal the difference between the Income Statement Accounts – which is Net Income. Since Owners Equity is only part of Total Equity, Net Income can also be calculated using a rewrite of the Accounting Equation: From: Assets = Liabilities + Equity.
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