Which of the following accounts are included in an income statement?
A)Land, Salaries Payable
B)Owner's Name, Capital, Owner's Contribution
C)Furniture, Cash
D)Service Revenue, Utilities Expense

Question

Quizplus · Accepted Answer

Income statement accounts include the revenues earned and expenses incurred during a specific period. Service Revenue and Utilities Expense are both accounts that would be included in an income statement. Choices A, B, and C are all balance sheet accounts and would not be included in an income statement.

Which of the Following Accounts Are Included in an Income