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-   -   Income statement (https://www.askmehelpdesk.com/showthread.php?t=38877)

  • Oct 24, 2006, 07:17 PM
    hollydolly
    Income statement
    What accounts belong in an income statement?
  • Oct 25, 2006, 05:44 AM
    RickJ
    Account names will vary based on the business type. Some businesses have income split into just one or a couple accounts and others have it split out into many.

    Do you have a list of accounts that you're wondering about?
  • Oct 25, 2006, 05:48 AM
    ScottGem
    Any accounts that represent money received from outside the company. These would include revenues, sales, interest, investment income, etc.
  • Dec 13, 2007, 02:25 AM
    manik chand dey
    All NOMINAL ACCOUNTS like all expenses, losses, and incomes and gains have to be closed by transferring their balances to the income statement at the year end to get the net profit.

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