On the worksheet, the Balance Sheet columns should balance:
A)after the net income amount is added to the Balance Sheet Credit column.
B)before the net income amount is added to the Balance Sheet Credit column.
C)before the net income amount is added to the Balance Sheet Debit column.
D)after the net income amount is added to the Balance Sheet Debit column.

Question

Quizplus · Accepted Answer

The Balance Sheet columns should balance after the net income amount is added to the Balance Sheet Credit column, as net income increases equity, which is on the credit side of the balance sheet.

On the Worksheet, the Balance Sheet Columns Should Balance