The inside columns on the financial statements are used to:
A)show debits.
B)show credits.
C)show subtotals.
D)None of these answers is correct.

Question

Quizplus · Accepted Answer

The inside columns on the financial statements are used to show subtotals, such as the subtotal for each category of expenses on the income statement or the subtotal for each category of assets or liabilities on the balance sheet. They are not used to indicate debits or credits specifically.

The Inside Columns on the Financial Statements Are Used To