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If the 'bottom line' on the Income Statement section of a worksheet shows a net income, the amount needs to be in the debit column of the Income Statement and credit column of the Balance Sheet.         True         False

If the 'bottom line' on the Income Statement section of a worksheet shows a net income, the amount needs to be in the debit column of the Income Statement and credit column of the Balance Sheet.         True         False

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter14: Adjustments And The Work Sheet For A Merchandising Business
Section: Chapter Questions
Problem 7RQ
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If the 'bottom line' on the Income Statement section of a worksheet shows a net income, the amount needs to be in the debit column of the Income Statement and credit column of the Balance Sheet.
 
 
 
 
True
 
 
 
 
False
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