Incomes

Income is usually subject to sales or service provision. It is reflected through entry of money into cash (Cash Income) or entry in the form of money receivable (Installment Income).

Income always increases admin-IN-316fd0ae-5f3c-4db9-ac26-cbdf4ff8a7d1-1507579308097-c7e549f6-b237-4858-8271-57bb8f0a5313; however, not all increases of Assets signify Income (Bank Loans, Financing etc., increase the company's cash supply but not the Income).

Examples:

Rents Receivable
Discounts Obtained
Interest Receivable
Goods Sales
Service Income