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Author Question: Net income appears on the work sheet in the a. Adjusted Trial Balance Debit column. b. Balance ... (Read 166 times)

scienceeasy

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on: Jul 6, 2018
Net income appears on the work sheet in the
 a. Adjusted Trial Balance Debit column.
   b. Balance Sheet Debit column.
   c. Income Statement Debit column.
   d. Income Statement Credit column.
   e. Adjustments Debit column.

Question 2

In the completed work sheet, which of the following sets of columns would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system?
 a. Adjustments and Balance Sheet columns
   b. Trial Balance and Adjustments columns
   c. Adjustments and Income Statement columns
   d. Trial Balance and Income Statement columns
   e. Trial Balance and Balance Sheet columns


mohan

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

c


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