Definition of "Income"

Pamela Lima real estate agent
Pamela Lima, Real Estate Agent On The Coast Real Estate 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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