Net income appears on the work sheet in the
A) Adjusted Trial Balance Debit column.
B) Balance Sheet Debit column.
C) Income Statement Debit column.
D) Income Statement Credit column.
E) Adjustments Debit column.

Question

Quizplus · Accepted Answer

Net income appears on the work sheet in the Income Statement Debit column because it represents the excess of revenues over expenses, which is shown as a debit to balance the income statement section.

Net Income Appears on the Work Sheet in the