Why is the net income amount entered in the Credit column of the Balance Sheet section? Why

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Why is the net income amount entered in the Credit column of the Balance Sheet section? Why is net loss entered in the Debit column?

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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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Why is the net income amount entered in the Credit column of the Balance Sheet section? Why

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Glencoe Accounting First Year Course

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