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    getmehelp Posts: 2, Reputation: 1
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    #1

    Dec 18, 2008, 07:38 PM
    Income statements
    Please explain how to calculate revenues, expenses and income
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    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 20, 2008, 10:36 AM

    Revenues are Sales or services that the company made or performed in the course of its operations.

    Expenses are operating costs that the business incurs from operations of the business

    Net Income is the excess of revenues and expenses.

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