Net

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Net

After.

If someone’s income is $40,000 net of taxes that means it is $40,000 after taxes have been deducted. If a business has net assets of $50,000, that means they have $50,000 after depreciation, the allowance for doubtful accounts, and other contra accounts have been subtracted. If they have a net loss of $5000, it means the loss after all the expenses have been deducted.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?