Question: If the total debit column exceeds the total credit column of the income statement columns on a work sheet, then the company has earned net
If the total debit column exceeds the total credit column of the income statement columns on a work sheet, then the company has
| earned net income for the period. | ||
| an error because debits do not equal credits. | ||
| suffered a net loss for the period. | ||
| to make an adjusting entry. |
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