When a Company Has Suffered a Net Loss, the Net

Multiple Choice

When a company has suffered a net loss, the net loss amount is entered on the work sheet on the

A) credit side of the Income Statement columns and the debit side of the Balance Sheet columns.
B) credit side of both the Income Statement and the Balance Sheet columns.
C) debit side of the Income Statement columns and the credit side of the Balance Sheet columns.
D) debit side of both the Income Statement and the Balance Sheet columns.