Income
An income is a one-time transaction that gives you money. An example of an income is the wage that an employee receives at the end of a month. An income account looks something like this:
Income
Sales Revenue from Product for the Month of March $1000
Sales Revenue from Services Provided for the Month of March $500
Rent Collected from Tenant for the Month of March $300
Income
Sales Revenue from Product for the Month of March $1000
Sales Revenue from Services Provided for the Month of March $500
Rent Collected from Tenant for the Month of March $300