In the Process of Completing a Work Sheet,the Accountant Determines

question 253

Multiple Choice

In the process of completing a work sheet,the accountant determines that the Income Statement debit column totals $83,000,while the Income Statement credit column totals $65,000.To enter net income (or net loss) for the period into the work sheet would require an entry to

• A)the Adjustments debit column and the Adjustments credit column.
• B)the Unadjusted Trial Balance debit column and the Adjustments credit column.
• C)it is not practical to enter Net Income (or Net Loss)on the work sheet.
• D)the Balance Sheet & Statement of Retained Earnings debit column and the Income Statement credit column.
• E)the Income Statement debit column and the Balance Sheet & Statement of Retained Earnings credit column.

---

Definitions:

Potholes

Circular holes in the bedrock of a riverbed or a roadway, formed by the abrasion of small stones and sediment whirled around by water.

Swirl

The movement of a fluid in a twisted or spiraling pattern, often occurring in natural systems like air currents and water bodies or in engineered applications.

Sediments

Particles of rock, minerals, or organic matter that have been transported and deposited by wind, water, or ice.

Suspended Load

Fine particles, generally clay and silt, that are carried suspended in moving water.