On the work sheet, profit is entered in the Income Statement Credit column and in the Statement of Changes in Equity or Balance Sheet Debit column.

Name: On the work sheet, profit is entered in the Income Statement Credit column and in the Statement of Changes in Equity or Balance Sheet Debit column.
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Profit is entered as a credit in the Income Statement Credit column, but as a credit in the Statement of Changes in Equity and Balance Sheet Credit column, not a debit.

On the Work Sheet, Profit Is Entered in the Income