Equity is also known as the net assets of the company.
Net income cannot be known as equity since it is commonly known as net earnings, too. Equity can be calculated by looking for the difference between the assets and liabilities while net income can be calculated when the expenses are deducted from sales.
Equity is not synonymous to expenses because to get the total amount of expense, your equity has to be decreased as a result of the costs of the goods or services that you utilized to generate income.
Net loss is the opposite of profit. Obviously, that is not similar with equity. Moreover, the net results of earning activities are called revenues. Again, that is not the same as equity.
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