Log in

View Full Version : Accrual accounting


plm1964
Jan 10, 2008, 02:32 PM
:confused: in my homework assignment I have to calculate net income using the accrual accounting and I don't know where to beging

pready
Jan 12, 2008, 12:30 PM
Net Income is Revenues minus Expenses.

To get Net Income do an Income Statement, either Single-Step or Multiple-Step format.