Any help please!!!?

Question

A net loss appears on the work sheet in the __________.

a) debit column of the Balance Sheet column

b) credit column of the Balance Sheet columns

c) debit column of the Income Statement columns

d) credit column of the Adjustments columns

I chose C... any sugguestions?

Answer 1

Yes...  It can't really be A or B, because they are equal.

The Income statement is where the profit or loss will appear.