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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 4: The Accounting Cycle Continued: Preparing Worksheets and Financial Statements
  5. Question
    When Income Statement Credits Exceed the Debits on the Worksheet
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When Income Statement Credits Exceed the Debits on the Worksheet

Question 71

Question 71

Multiple Choice

When Income Statement credits exceed the debits on the worksheet,


A) a net loss has occurred.
B) a net income has occurred.
C) an error has been made.
D) Not enough information has been provided.

Correct Answer:

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