Net income is entered as the balancing amount on the debit side of the income statement columns and the credit side of the balance sheet columns of the worksheet.

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Net income is entered as the balancing amount on the debit side of the income statement columns and the credit side of the balance sheet columns of the worksheet to ensure that the total debits equal the total credits in both the income statement and balance sheet.

Net Income Is Entered as the Balancing Amount on the Debit