A net loss is shown on the work sheet in the Credit columns of both the Income Statement columns and the Balance Sheet columns.

Name: A net loss is shown on the work sheet in the Credit columns of both the Income Statement columns and the Balance Sheet columns.
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Question

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A net loss is shown in the Debit column of the Income Statement section and in the Credit column of the Balance Sheet section on a work sheet.

A Net Loss Is Shown on the Work Sheet in the Credit