The amount of net income for the period is added to the Balance Sheet credit total because

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The amount of net income for the period is added to the Balance Sheet credit total because it increases the balance in the ________ account.

a. Accounts receivable

b. Accounts payable

c. Asset

d. Capital

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 10, 2022 01:02 AM

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The amount of net income for the period is added to the Balance Sheet credit total because

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