Multiple Choice
The income statement and balance sheet columns of Rand Company's work sheet reflect the following totals:
-To enter the profit (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.
Correct Answer:

Verified
Correct Answer:
Verified
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