Net income is shown on the end-of-period spreadsheet in the Income Statement debit column and the Balance Sheet credit column. a. True
b. False

True

Explanation:

The statement that net income is shown on the end-of-period spreadsheet in the income statement debit column and the balance sheet credit column is true.

It should be noted that a net loss also shows on end-of-period spreadsheet in debit side of balance sheet. The debit side must always be equal to the credit side at the end of the balance sheet.

answer; /// i believe that the correct answer is (covenant;