Multiple Choice
Which of the following is correct concerning the work sheet?
A) Assets are shown as credits in the adjusted trial balance columns.
B) Capital is shown as a credit in the balance sheet columns.
C) Revenues are shown as credits in the balance sheet columns.
D) Liabilities are shown as credits in the income statement columns.
Correct Answer:

Verified
Correct Answer:
Verified
Q64: An asset's book value represents the true
Q65: A net loss should be shown as
Q66: Which of the following would be considered
Q67: The work sheet is used to pull
Q68: The balance in the Prepaid Insurance account
Q70: San Antonio Company's accountant just completed the
Q71: The expiration of usefulness of equipment during
Q72: The owner's Capital account is found on
Q73: Which of the following terms refers to
Q74: Burnet Co. has a $4,050 balance