Net income or net loss is the balancing amount on the worksheet and should always be entered on the side that makes the debit and credit columns balance.

Name: Net income or net loss is the balancing amount on the worksheet and should always be entered on the side that makes the debit and credit columns balance.
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This statement is true. The net income or net loss is the amount that balances the debit and credit columns on a worksheet, and it should be entered on the side that makes the columns balance.

Net Income or Net Loss Is the Balancing Amount on the Worksheet