The amount of profit (or loss) will appear on the debit side of the Income Statement columns in a worksheet if:

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The amount of profit will appear on the debit side of the Income Statement columns in a worksheet if Revenue exceeds total expenses for the period. This is because the Income Statement shows the revenue earned and the expenses incurred during a particular period, and the difference between the two is the profit or loss. If the revenue exceeds the total expenses, then there is a profit, which will appear on the debit side of the Income Statement columns.

The Amount of Profit (Or Loss) Will Appear on the Debit