the accounting work sheet

harley1987 · #1 Feb 26, 2008, 07:40 AM

does income summary go on the income statement or the balance sheet

MaggieMouse · Feb 26, 2008, 08:33 AM

Income summary is the temporary account to hold all the income statement account prior to the creation of income statement. It is a step to zero out all the income statement accounts.



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