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    naanaa77's Avatar
    naanaa77 Posts: 1, Reputation: 1
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    #1

    Feb 27, 2010, 09:13 AM
    Where I can Put the income summary?
    Where I can put the income summary?

    In the Balabnce sheet or income statement?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 28, 2010, 01:20 AM

    It's not on any statement. The income summary account is only used in the closing process, which is done after the financial statements are done. The account also just ends up with a zero balance when you're done with closing, and is only used temporarily while doing closing.
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