To enter the net income (or loss) for the period into the above work sheet requires an entry to the
A.income statement debit column and the balance sheet credit column.
B.income statement credit column and to the balance sheet debit column.
C.income statement debit column and the income statement credit column.
D.balance sheet debit column and to the balance sheet credit column.
Answer:A
To enter the net income (or loss) for the period into the above work sheet requires an entry to the
A.income statement debit column and the balance sheet credit column. B.income statement credit column and to the balance sheet debit column. C.income statement debit column and the income statement credit column. D.balance sheet debit column and to the balance sheet credit column.