When the End-Of-Period Spreadsheet Is Complete, the Adjustment Columns Should

question 64

Multiple Choice

When the end-of-period spreadsheet is complete, the adjustment columns should have

• A) total credits greater than total debits if a net income was earned
• B) total debits greater than total credits if a net loss was incurred
• C) total debits greater than total credits if a net income was earned
• D) total debits equal to total credits

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