In the Excel, or spreadshneet, approach to recording financial transactions, the revenues and expenses on the income statement can be determined by summing each column. True or False True False

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 18PA: From the following Company Y adjusted trial balance, prepare simple financial statements, as...
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In the Excel, or spreadsheet, approach to recording financial transactions, the revenues and expenses on the income statement can be determined by summing each column.
True or False
True
False
Transcribed Image Text:In the Excel, or spreadsheet, approach to recording financial transactions, the revenues and expenses on the income statement can be determined by summing each column. True or False True False
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