Net Income vs. Profit: What is the Difference?

Author: External Author | | Categories: Accounting Services , Consulting Services

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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.

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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



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