Net Income vs. Profit: What is the Difference?
Many terms in business and finance have differing or even fluid meanings in day-to-day use. Some terms the average person may use interchangeably have very specific definitions in a finance or accounting context. Case in point: profit and net income. Though both terms deal with the an excess of income over expenses, their definitions and contextual usage differ in important ways.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: Claire Boyte-White
Original Article Posted on: May 3, 2021
Link to Original Article: https://www.investopedia.com/ask/answers/122414/net-income-same-profit.asp