'Closing 9' diaporamas de présentation

THE INCOME SUMMARY ACCOUNT

Income Summary. THE INCOME SUMMARY ACCOUNT. Debit Total expenses. Credit Revenue (greater than expenses) (Credit balance is the net income.). Lesson 17-2, page 434. 3. 4. CLOSING ENTRY FOR AN INCOME STATEMENT ACCOUNT WITH A CREDIT BALANCE. 1. 2. 1. Heading. 2. Date.

124 views • 4 slides