The income statement columns on the worksheet are not equal because:
A) an error has been made with the adjustments.
B) the balance sheet has not yet been prepared.
C) the unadjusted trial balance was incorrect.
D) the difference is the profit or loss for the period.

Question

Quizplus · Accepted Answer

The difference in the income statement columns on the worksheet represents the net profit or loss for the period, as it shows the result of subtracting total expenses from total revenues.

The Income Statement Columns on the Worksheet Are Not Equal