Definition of "Income"

Judson Vickery real estate agent
Judson Vickery, Real Estate Agent Century 21 Triangle Group

  1. Money earned or accrued during an accounting period that results in the increase in total assets.
  2. Items such as rental income.
  3. Revenues arising from the sales of real estate.
  4. The excess of revenues over expenses and losses for an accounting period of a real estate business.
 

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