Income from operating activities is recorded in the following accounts : 70 « Sales of manufactured goods, services and goods for resale », 71 « Changes in inventory of finished goods and work in progress », 72 « Own work capitalized », 74 « Grants » and 75 « Other operating income ».
Income related to financial activities is recorded in account 76 « Financial income ».
Income from exceptional items is recorded in account 77 « Exceptional income ».
Reversals of depreciation, amortization, impairment and provisions are recorded in account 78 « Reversal of depreciation, amortization, impairment and provisions » with a distinction between reversals of calculated expenses relating to operating income, financial income or exceptional income.
Income in Class 7 is recorded net of taxes collected. As an exception, entities recording their income including V.A.T., subsequently restore the amount net of tax collected by debiting the relevant accounts of Class 7 globally for each tax period by crediting account 4457 « Taxes on turnover collected ».
