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+--- Thread: 10 - column worksheet (/thread-10-column-worksheet)
10 - column worksheet - Rithika - 03-23-2011
Hi,
10 column worksheet has one credit and one debit column with the following
- Trial Balance consists each accountâs unadjusted balance.
- Adjustments with any adjusting entries.
- Adjusted Trial Balance with the combination of the unadjusted balance and any adjustments.
- Income Statement holding the adjusted balances for the revenue, expense, gain and loss accounts.
- Balance Sheet containing the adjusted balances for the asset, liability and ownerâs equity accounts.
Net income = total of debit column - total of credit column.