On which financial statement does Income Summary appear?
A) Statement of owner's equity
B) Balance sheet
C) On no financial statement
D) Income statement

Name: On which financial statement does Income Summary appear? A) Statement of owner's equity B) Balance sheet C) On no financial statement D) Income statement
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Question

Quizplus · Accepted Answer

Income Summary is a temporary account used during the closing process and does not appear on any financial statement.

On Which Financial Statement Does Income Summary Appear