contestada

Which of the following items would not appear in an income statement?

A. Delivery Expense.
B. Accounts Payable.
C. Service Revenue.
D. Utilities Expense.

Respuesta :

The account payable should not appear in the income statement.

The information regarding the income statement is as follows:

  • The income statement records the income and expenses of the company.
  • Here the expenses contains the debit balance and the income contains the credit balance.
  • Also, the account payable is a liability account so the same is not shown on the income statement.

Therefore we can conclude that the account payable should not appear in the income statement.

Learn more: brainly.com/question/14732695

Otras preguntas