Where does Profit appear on a worksheet?
A)Profit appears only in the Income statement debit column.
B)Profit appears in the Income statement credit column and in the balance sheet debit column.
C)Profit appears in the balance sheet credit column and in the Income statement debit column.
D)Profit appears only in the balance sheet credit column.

Question

Quizplus · Accepted Answer

Profit appears in the balance sheet credit column as retained earnings and in the Income statement debit column as net income.

Where Does Profit Appear on a Worksheet