View Full Version : Income Summary/Accounting
wdfisher
Nov 18, 2006, 09:48 PM
What types of summary data are posted to a income summary account?
CaptainForest
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
Mar 6, 2007, 05:52 AM
What types of summary data are posted to a income summary account?
What kind of data is used in an income summary statement?
Arsukhan
Nov 9, 2011, 02:13 AM
Income summary account comes under which head of account