Monday, December 4, 2006

Income Accounts

Here is a list of income accounts. They have a normal credit balance except the Sales Discounts and the Sales Returns and Allowances, which have a normal debit balance. These items can be found on the Income Statement.

Dividend Revenue
Exchange Gain
Gain on Disposal of Fixed Asset
Gain on Redemption of Bonds
Gain on Sale of Investments
Interest Revenue
Rent Revenue
Sales
Sales Discounts
Sales Returns and Allowances

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