Net income is shown on the work sheet in the Income Statement Debit column and the Balance Sheet Credit column.

Name: Net income is shown on the work sheet in the Income Statement Debit column and the Balance Sheet Credit column.
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Net income is a credit to the Income Statement Debit column and a debit to the Balance Sheet Credit column. This represents the increase in retained earnings on the balance sheet due to the net income earned during the period.

Net Income Is Shown on the Work Sheet in the Income