It is very unusual for the totals of the two Income Statement columns to be identical before net income is added.

Name: It is very unusual for the totals of the two Income Statement columns to be identical before net income is added.
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Question

Quizplus · Accepted Answer

The Income Statement columns in a trial balance typically show different totals because they represent revenues and expenses, which are unlikely to be identical before determining the net income.

It Is Very Unusual for the Totals of the Two