Multiple Choice
In which of the columns of the worksheet would Profit be found?
A) In the trial balance credit column, the adjusted trial balance credit column and the balance sheet credit column
B) In the trial balance debit column, the adjusted trial balance debit column and the balance sheet debit column
C) In the balance sheet credit column and the Income statement debit column
D) In the balance sheet debit column and the Income statement credit column
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The post-closing trial balance is an optional
Q33: As part of the closing process,revenues and
Q39: What is TRUE if the Income statement
Q40: Which of the following entries will be
Q42: Which account has a balance equal to
Q45: Which of the following accounts would appear
Q47: Revenues total $10 200. Expenses total $7
Q48: Which of the following is a current
Q113: The adjusting process zeroes out all revenues
Q173: Only temporary accounts appear on the post-closing