The amount of net income will appear on the debit side of the Income Statement columns in a worksheet if:
A)Revenue exceeds total expenses for the period.
B)The trial balance is out of balance.
C)Dividends are more than the income or loss for the period.
D)There is a net loss for the period.

Question

Quizplus · Accepted Answer

Net income is calculated by subtracting total expenses from revenue. If revenue exceeds total expenses, there will be a net income, which will appear on the debit side of the Income Statement columns in a worksheet.

The Amount of Net Income Will Appear on the Debit