In which of the columns of the worksheet would Net income be found?
A) In the trial balance credit column, the adjusted trial balance credit column and the balance sheet credit column
B) In the trial balance debit column, the adjusted trial balance debit column and the balance sheet debit column
C) In the balance sheet debit column and the income statement credit column
D) In the balance sheet credit column and the income statement debit column

Question

Quizplus · Accepted Answer

Net income is part of the income statement, so it would be found in the income statement debit column (reflecting the increase in income) and in the balance sheet credit column (as it increases owner's equity).

In Which of the Columns of the Worksheet Would Net