Ask Question
BusinessBusiness
16 July, 21:12

What type of account is used on an income statement?

+4
Answers (1)
  1. 17 July, 00:52
    0
    Definition of Income Statement Accounts

    Explanation:

    Income statement accounts are one of two types of general ledger accounts. (The other accounts in the general ledger are the balance sheet accounts.) Income statement accounts are used to sort and store transactions involving: Operating revenues.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What type of account is used on an income statement? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A stock price is currently $40. Over each of the next two three-month periods it is expected to go up by 10% or down by 10% (meaning, precisely, if the stock price at the start of a period is $40, it will go to $40*1.1=$44 or to $40*0.
Answers (1)
A loss from the disposal of a significant component of a business should be reported separately in the income statement: after income from continuing operations. before income from continuing operations. after other comprehensive income.
Answers (1)
In an economy with no taxes and no imports, when disposable income increases from $2000 to $3000, consumption increases from $1500 to $2100. given this information, the marginal propensity to consume is
Answers (1)
Which of the following statements best describes what you should expect if you randomly select stocks and add them to your portfolio? a) adding more such stocks will reduce the portfolios unsystematic, diversifiable, risk.
Answers (1)
Question 4 (multiple choice) Thomas Peters purchased a new SUV for $32,984. He received a $2,175 rebate from the car dealer and a $500 rebate from the manufacturer. What is the final price? A. $32,309 B. $31,309 C. $29,309 D. $30,309
Answers (2)
New Questions in Business
Ravine Company issues $400,000, 20-year, 7% bonds at 101. Prepare a tabular summary to record the sale of these bonds on June 1, 2017.
Answers (1)
Describe the organization that you wish to analyze. State its commodity, business model, target market, specialization, product differentiation, pricing strategy, and market share.
Answers (1)
How are chain restaurants started
Answers (2)
When observing your customers for signs of intoxication, you don't need to consider how they look or act upon entering your establishment because you are not responsible for what they did before they arrived.
Answers (1)
Is there anything that you find particularly impressive about southwest airlines?
Answers (1)
Home » Business » What type of account is used on an income statement?
Sign Up Forgot Password?