What is the formula in finding the income?
submitted by love

dan

In accounting you've got to be really specific. Are you talking about gross income, net income, operating income, revenue?

savannah

Not sure which income type you're referring to, but just plain old income, without accounting for expenses is called revenue. That's just the total amount of incoming money.Revenue = How many things you sold x How much you sold it for.If you take out operating expenses, you have EBIT, or earnings before interest and tax. (EBIT Calculator)If you take revenue and subtract the cost of goods sold, you get gross profit. (Gross Profit Calculator)If you consider cost of goods sold, tax, interest, and operating expenses, you get net income. (Net Income Calculator)