Question
Which of the following statements is not correct? Mule Choice The difference between the total of the Income Statement Debit column and the total
Which of the following statements is not correct? Mule Choice The difference between the total of the Income Statement Debit column and the total of the Income Statement Credit column of the worksheet represents ethernet income or net loss Net income is recorded on the worksheet in the Income Statement Debt column and the Balance Sheet Credt column Net lows is recorded on the worksheet in the Income Statement Credt column and the Balance Sheet Debit column If an account has a debt balance in the Trial Balance section of the worksheet and there is a credit entry in the Adjustments section, the credit amount is added when computing the balance to be shown in the Adjusted Trial Balance section of the worksheet
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