On the work sheet, net income is entered in the Income Statement Credit column as well as the Balance Sheet or Statement of Owner's Equity Credit column.

Name: On the work sheet, net income is entered in the Income Statement Credit column as well as the Balance Sheet or Statement of Owner's Equity Credit column.
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Net income is entered in the Income Statement Credit column and the Balance Sheet or Statement of Owner's Equity Debit column, not both as credits.

On the Work Sheet, Net Income Is Entered in the Income