Multiple Choice
After net income is entered on the work sheet, the Balance Sheet Debit and Credit columns must
A) be the same amount as the total amount of the Income Statement Debit and Credit columns
B) equal each other
C) be the same amount as the total amount in the Adjusted Trial Balance Debit and Credit columns
D) not be equal to each other and need not be the same total amounts as any other pair of columns on the work sheet
Correct Answer:

Verified
Correct Answer:
Verified
Q69: A work sheet heading is dated for
Q90: Accrued expenses are ordinarily listed on the
Q94: The retained earnings statement begins with the
Q94: Office Equipment is an example of a
Q95: Use the information in the adjusted trial
Q96: After all adjustments have been made, but
Q99: The following adjusted trial balance is the
Q119: Since the adjustments are entered on the
Q162: On the income statement, miscellaneous expenses are
Q180: At the end of the fiscal period,