Where does Net income appear on a worksheet?
A) Net income appears only in the income statement debit column.
B) Net income appears in the balance sheet credit column and in the income statement debit column.
C) Net income appears in the income statement credit column and in the balance sheet debit column.
D) Net income appears only in the balance sheet credit column.

Question

Quizplus · Accepted Answer

Net income appears in the balance sheet credit column as it increases equity, and in the income statement debit column as it is the result of revenues minus expenses.

Where Does Net Income Appear on a Worksheet