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    jrdeweese5's Avatar
    jrdeweese5 Posts: 1, Reputation: 1
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    #1

    Mar 13, 2009, 09:00 PM
    How do you do a income summary
    How do you do a income summary?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 13, 2009, 09:47 PM

    It depends very much on the type of business
    That you are accounting for.
    Is it a Trading organisation? Or
    Is it a Service organisation.

    All Incomes are Credits.
    It really becomes a Summary of Credit Income Accounts.

    Trading corporation, the credits would be mainly SALES.

    Service corporation, the credits would be:-

    Fees,
    Interest Income
    Dividends Income
    Other Sundry Income.
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