Information needed to prepare an income statement's Expense section is obtained from a work sheet's Account Title column and
A) Income Statement Debit column.
B) Income Statement Credit column.
C) Balance Sheet Debit column.
D) Balance Sheet Credit column.

Question

Quizplus · Accepted Answer

The Expense section of an income statement is prepared using information from the work sheet's Account Title column and the Income Statement Debit column, as expenses are recorded as debits in the accounting system.

Information Needed to Prepare an Income Statement's Expense Section Is