account titled: Would an account titled “Business Promotion” into which a percentage of the invoice amount would be allocated be an equity, income or expense account?
In addition to what teach said
You do not shift income received to another type of account. Income is deposited to the bank, and you pay the expense from the bank. An expense is what you actually pay
what you charge the customer is income, (with the exception of a refundable deposit […]
Resolution for 'account titled issue: 'Would an account titled “Business Promotion” into which a percentage of the invoice amount would be allocated be an equity, income or expense account?' available: Yes.
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