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    wdfisher's Avatar
    wdfisher Posts: 1, Reputation: 1
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    #1

    Nov 18, 2006, 09:48 PM
    Income Summary/Accounting
    What types of summary data are posted to a income summary account?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Nov 19, 2006, 12:46 AM
    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
    cas123's Avatar
    cas123 Posts: 1, Reputation: 1
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    #3

    Mar 6, 2007, 05:52 AM
    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?
    Arsukhan's Avatar
    Arsukhan Posts: 2, Reputation: 1
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    #4

    Nov 9, 2011, 02:13 AM
    Income summary account comes under which head of account
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