In Which of the Columns of the Worksheet Would Profit

question 43

Multiple Choice

In which of the columns of the worksheet would Profit be found?

• A)In the trial balance credit column, the adjusted trial balance credit column and the balance sheet credit column
• B)In the trial balance debit column, the adjusted trial balance debit column and the balance sheet debit column
• C)In the balance sheet credit column and the Income statement debit column
• D)In the balance sheet debit column and the Income statement credit column

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Definitions:

Probable Future Payment

An anticipated financial obligation that a company expects to pay in the future due to past transactions or events.