Net income:

The difference between total revenue and total expenses when total revenue is greater

Net loss :

The difference between total revenue and total expenses when total expenses is greater

Net pay :

The total earnings paid to an employee after payroll taxes and other deductions

Net purchases :

Total purchases less purchases discount and purchases returns and allowances

Net sales :

Total sales less sales discount and sales returns and allowances

Net profit :

Gross profit less expenses amount to be carried over to retained earnings to the end of financial year

No-par-value stock :

A share of stock that has no authorized value printed on the stock certificate

Normal balance :

The side of the account that is increased

Not-for-profit organization :

An organization providing goods or services with neither a conscious motive nor expectation of earning a profit

Notes payable :

Promissory notes signed by a business and given to a creditor

Notes receivable :

Promissory notes that a business accepts from customers

Number of a note :

The number assigned to identify a specific note