Capital maintenance approach to net income

Capital maintenance approach to net income,

Definition of Capital maintenance approach to net income:

  1. The determination of how much revenue is calculated from one accounting period to the next. For example, if a company reported revenue at $1 million then achieved another $3 million during the accounting period, the total for the next year would be $4 million.

Meaning of Capital maintenance approach to net income & Capital maintenance approach to net income Definition