Ask Question
BusinessBusiness
15 April, 14:14

What type of account is used on an income statement?

+1
Answers (1)
  1. 15 April, 14:39
    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?
Find an answer to your question ✅ “What type of account is used on an income statement? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Why did this region grow in economic importance?
Answers (1)
Which of the following type of software is the most powerful for managing complex sets of data? A. Graphic design software B. Word processing software C. Spreadsheet software D. Database software
Answers (1)
What is meant by assessment? a. Activities that occur between two or more businesses. b. Provides services for connecting network resources across network domains. c. Documenting rules, procedures, and guidelines to be tested against a system. d.
Answers (2)
What should you do first if you receive a phone that there has been fraudulent behavior use on your credit card?
Answers (1)
Assume a bank's bid rate for the Danish kroner (DKK) is $0.1875, while its ask rate is $0.1895. Assume you convert $1,000 to Danish kroner to take on your trip to Denmark.
Answers (1)
New Questions in Business
You should not pursue a career in an industry that has experienced even a small decline in employment growth. True False
Answers (1)
Header Motor, Inc., paid a $3.91 dividend last year. At a constant growth rate of 7 percent, what is the value of the common stock if the investors require a 16 percent rate of return? The value of the common stock is $ nothing.
Answers (1)
Beerbo Corporation purchased Mitter Lite Company three years ago. As a result of the acquisition, Beerbo recorded goodwill of $400,000 at that time and created the Mitter Lite Division (MLD).
Answers (1)
Ashley's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Ashley $4.30 per pound, and type B coffee costs $5.90 per pound. This month, Ashley made 142 pounds of the blend, for a total cost of $749.80.
Answers (1)
Describe a decision you made that wasn't popular and how you handled implementing it for entry level
Answers (1)
Home » Business » What type of account is used on an income statement?
Sign Up Forgot Password?