On which financial statement will Income Summary be shown?
A) Statement of Owner's Equity
B) Balance Sheet
C) Income Statement
D) No financial statement

Name: On which financial statement will Income Summary be shown? A) Statement of Owner's Equity B) Balance Sheet C) Income Statement D) No financial 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 Will Income Summary Be Shown