ORDINARY INCOME Definition

Bookmark and Share

ORDINARY INCOME is the income derived from the regular operating activities of a business or individual, but exclusive of capital gains. Net income from a business, along with personal wages, interest, and dividends are examples of ordinary income.

Learn new Accounting Terms

SIMPLE JOURNAL ENTRY is a journal entry that involves only one debit and one credit in the transaction.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.