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    Exam 4: Completing the Accounting Cycle
  5. Question
    Net Income Is Entered as the Balancing Amount in the Debit
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Net Income Is Entered as the Balancing Amount in the Debit

Question 128

Question 128

True/False

Net income is entered as the balancing amount in the debit side of the income statement columns and the credit side of the balance sheet columns of the worksheet.

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