The Amount of Net Income Will Appear on the Debit

Multiple Choice

The amount of net income will appear on the debit side of the Income Statement columns on a work sheet,

A) if total revenue exceeded total expenses for the period.
B) if withdrawals have been made during the period.
C) if total assets exceeded total liabilities for the period.
D) if total expenses exceeded total revenue for the period.
E) if net income exceeds the owner's withdrawals.