Instead of the word net income,accountants use net profit because the latter term can be defined more precisely.

Name: Instead of the word net income,accountants use net profit because the latter term can be defined more precisely.
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Both terms, net income and net profit, are often used interchangeably in accounting to refer to the same financial metric, which is the profit of a company after all expenses and taxes have been deducted from total revenue.

Instead of the Word Net Income,accountants Use Net Profit Because