On a worksheet,the balance sheet debit column total is $1,000 and the credit column total is $2,000.Which of the following statements is correct?
A)The company had a net income of $1,000.
B)The company had a loss of $1,000.
C)The company's expenses were greater than revenues.
D)None of the above is correct.

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The Answer of On a worksheet,the balance sheet debit column total is $1,000 and the credit column total is $2,000.Which of the following statements is correct?
A)The company had a net income of $1,000.
B)The company had a loss of $1,000.
C)The company's expenses were greater than revenues.
D)None of the above is correct.

On a Worksheet,the Balance Sheet Debit Column Total Is $1,000