Which of the following items is not a specific account in a company's chart of accounts?
A)Income Tax Expense
B)Sales Revenue
C)Deferred Revenue
D)Net Income

Name: Which of the following items is not a specific account in a company's chart of accounts? A)Income Tax Expense B)Sales Revenue C)Deferred Revenue D)Net Income
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Question

Quizplus · Accepted Answer

Net income is not an account;it is the final amount shown on the income statement when revenues are greater than expenses.

Which of the Following Items Is Not a Specific Account