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  Answer this Question    Ask about Accounting    Ask about another Subject  
 

jetacct
Jul 3, 2007, 11:32 PM
I am working on an accounting project and on my income statement my gross income is negative. What can I change to make that number positive?

CaptainForest
Jul 4, 2007, 12:28 PM
If cost of goods sold is greater than net sales, then that will always give you a negative amount for gross profit, and you can’t change that.

Business’ do not always make a net income, sometimes they have a net loss.

bhet
Jul 4, 2007, 07:55 PM
i agree to CaptainForest. you cant, make it a positive number. a dr. on income can only mean a loss. in doing business you dont alwats make a profit.