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    plm1964's Avatar
    plm1964 Posts: 1, Reputation: 1
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    #1

    Jan 10, 2008, 02:32 PM
    Accrual accounting
    :confused: in my homework assignment I have to calculate net income using the accrual accounting and I don't know where to beging
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    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.
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