Where Does Profit Appear on a Worksheet

question 7

Multiple Choice

Where does Profit appear on a worksheet?

• A)Profit appears only in the balance sheet credit column.
• B)Profit appears only in the Income statement debit column.
• C)Profit appears in the Income statement credit column and in the balance sheet debit column.
• D)Profit appears in the balance sheet credit column and in the Income statement debit column.

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Definitions:

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