Example of The Net Value Between Other Expenses And Other Products.

To obtain the net value among other expenses and other products, the other expenses must be classified first, if their value is greater. than that of the other products, but other products should be classified first, if their value is greater than that of the other expenses.
When the amount of the other expenses is greater than that of the other products, the difference obtained by practicing the subtraction will be the net loss between other expenses and products.

Other expenses - Other Products = Net loss among other expenses and products

Example:
Suppose the following expenses and products: loss on sale of furniture $ 20,000.00, loss on sale of shares and securities $ 6,000.00, commissions collected $ 2,000.00 and dividends collected $ 4 000.00.

 When the value of the other products is greater than that of the other expenses, the difference obtained by making the subtraction will be the net profit between other expenses and products.

Other products - Other expenses = Net income among other expenses and products

Example:
Let us suppose the same data as in the previous case, with the difference that the commissions charged amount to $ 10,000.00 and the dividends received $ 20,000.00.