Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Income Summary/Accounting (https://www.askmehelpdesk.com/showthread.php?t=43643)

  • Nov 18, 2006, 09:48 PM
    wdfisher
    Income Summary/Accounting
    What types of summary data are posted to a income summary account?
  • Nov 19, 2006, 12:46 AM
    CaptainForest
    INCOME SUMMARY

    -Income Summary is not a financial statement account
    -Income Summary is credited for the total amount of revenues
    -Income Summary is debited for the total amount of expenses
  • Mar 6, 2007, 05:52 AM
    cas123
    Quote:
    Originally Posted by wdfisher
    What types of summary data are posted to a income summary account?
    What kind of data is used in an income summary statement?
  • Nov 9, 2011, 02:13 AM
    Arsukhan
    Income summary account comes under which head of account


    • All times are GMT -7. The time now is 05:28 PM.