a net loss appears on the worksheet in the

1,debit column of the balance sheet

2 credit column of the balance sheet

3 debit column of the Income statement

4. credit colum of the aadjustments column

1 Answer

  • #3 Revenues are on the credit side, expenses are on the debit side. If expenses exceed revenues for the period there is a net loss. So the debit side would be greater. Net income or loss is part of the Income Statement.

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