Income Statement Accounts Lists / Examples
Revenues Accounts Lists
Sales, Fees Earned, Commission Earned, Service Revenue Received, etc.
Expenses Accounts Lists
Cost of Sales, Wages Expense, Petrol Expenses, Fuel Expenses, Rent Expenses, Salaries Expenses, Advertising Expenses, Office Supplies Expenses, Depreciation Expense, Bad Debts Expense, Doubtful Debts / Uncollectible Accounts Expense, Fees Paid, Accounting Fees, Auditing Fees, Repairs and Maintenance Expense, Sundry Expenses, Marketing Expenses, etc.
So, all the temporary accounts (Revenues & Expenses) which are closed during the period are recorded in income statement or statement of comprehensive income or profit and loss account.
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