Income Statement

Am I correct in saying that if a figure appears in brackets in my income statement it refers to a credit?

I think I captured a payment as a deposit received instead of payment made in my cashbook. Learner...

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Oct 29, 2015
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The personal statement is a critical component of your medical school application. This article walks you through the five most important tips to ensure that your personal statement stands out. See more architecture personal statement


Apr 08, 2011
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Credit to Expenses
by: Stephanie

Hi,

Thank you for your question.

Expenses have a normal debit balance and so should show as a positive number on the income statement. Typically numbers shown in brackets are referring to a negative balance and in the case of an expense category this would indeed mean that it has a credit balance rather than a debit balance.

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