Assuming that there is a net loss for the period, in which section of the worksheet would debits not equal credits?

Question

Quizplus · Accepted Answer

If there is a net loss for the period, the total of the expenses in the income statement columns will be greater than the total of the revenues. This means that the debits in the income statement columns will not equal the credits, as the credits will be less than the debits.

Assuming That There Is a Net Loss for the Period