In which of the columns of the worksheet would Net Income be found?
A) the unadjusted trial balance credit column, the adjusted trial balance credit column, and the balance sheet credit column
B) the unadjusted trial balance debit column, the adjusted trial balance debit column, and the balance sheet debit column
C) the balance sheet debit column and the income statement credit column
D) the balance sheet credit column and the income statement debit column

Question

Quizplus · Accepted Answer

Net Income would be found in the balance sheet credit column and the income statement debit column. This is because net income is an expense in the income statement and a credit in the balance sheet.

In Which of the Columns of the Worksheet Would Net