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

    Oct 24, 2006, 07:17 PM
    Income statement
    What accounts belong in an income statement?
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
    		  
    #2

    Oct 25, 2006, 05:44 AM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 25, 2006, 05:48 AM
    Any accounts that represent money received from outside the company. These would include revenues, sales, interest, investment income, etc.
    manik chand dey's Avatar
    manik chand dey Posts: 63, Reputation: 2
    Junior Member
    		  
    #4

    Dec 13, 2007, 02:25 AM
    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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