Does company owner take all the revenue?



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hi sir
you told net income is the money owner will take at home but if sales are done on credit but still it shown the total amount in income statement means on accural basis then whatever amount i am showing in income statement is not with the owner

4 Answer(s)


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Very good point Atif. In such a case that portion of the net income is not available as cash to the shareholders / owner to takeaway. That credit amount will be reflected in the "accounts receivable" account of the balance sheet.

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thank u sir for answering my question----i am b-tech graduate--- but very very keen to learn about finance

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Click this link to read about the Ultimate Guide to Financial Modelling

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