Why is the amount of the Income obtained from the Income statement extended to the balance sheet credit columns?
Why is the amount of the Income obtained from the Income statement extended to the balance sheet credit columns?
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter14: Adjustments And The Work Sheet For A Merchandising Business
Section: Chapter Questions
Problem 7RQ
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Why is the amount of the Income obtained from the Income statement extended to the balance sheet credit columns?
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