Net income is entered onto which column(s)of a worksheet?
A)adjusted trial balance debit column
B)income statement debit and balance sheet credit
C)income statement debit and balance sheet debit
D)adjusted trial balance credit and income statement credit

Question

Quizplus · Accepted Answer

Net income is reflected in the income statement credit column to show the earnings and in the balance sheet credit column to indicate the increase in equity.

Net Income Is Entered onto Which Column(s)of a Worksheet