emily212160 emily212160

01-05-2020
Business

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What type of account is used on an income statement?

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mahathyrithwik mahathyrithwik

01-05-2020

Answer:

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.

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