On a Worksheet Used in a Manual Accounting System to Prepare

question 36

Multiple Choice

On a worksheet used in a manual accounting system to prepare the financial statements:

• A) profit is shown as a debit to the income statement column and a credit to the balance sheet column.
• B) profit is not shown.
• C) profit is shown as a credit to the capital account and a debit to the bank account.
• D) profit is shown as a debit to the adjustments column and a credit to the balance sheet column.

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Definitions:

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