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    jetacct's Avatar
    jetacct Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 3, 2007, 11:32 PM
    Income Statement Issue
    I am working on an accounting project and on my income statement my gross income is negative. What can I change to make that number positive?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jul 4, 2007, 12:28 PM
    If cost of goods sold is greater than net sales, then that will always give you a negative amount for gross profit, and you can't change that.

    Business' do not always make a net income, sometimes they have a net loss.
    bhet's Avatar
    bhet Posts: 77, Reputation: 9
    Junior Member
    		  
    #3

    Jul 4, 2007, 07:55 PM
    I agree to CaptainForest. You cant, make it a positive number. A dr. on income can only mean a loss. In doing business you don't always make a profit.
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