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17. Net income is recorded on the work sheet under the A. debit column of the adjusted trial balance and the credit column of retained earnings B. debit column of the income statement and the credit column of the balance sheet C. credit column of the adjusted trial balance and the debit column of retained earnings D. credit column of the income statement and the debit column of the balance sheet
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Asked 5/9/2012 2:32:25 PM
Updated 7/16/2018 5:42:30 AM
1 Answer/Comment
Flagged by emdjay23 [7/16/2018 5:42:31 AM]
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User: 17. Net income is recorded on the work sheet under the A. debit column of the adjusted trial balance and the credit column of retained earnings B. debit column of the income statement and the credit column of the balance sheet C. credit column of the adjusted trial balance and the debit column of retained earnings D. credit column of the income statement and the debit column of the balance sheet

Question
Asked 5/9/2012 2:32:25 PM
Updated 7/16/2018 5:42:30 AM
1 Answer/Comment
Flagged by emdjay23 [7/16/2018 5:42:31 AM]
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Net income is recorded on the work sheet under debit column of the income statement and the credit column of the balance sheet.
Added 7/16/2018 5:42:25 AM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [7/16/2018 1:25:01 PM]
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The custodian of a company asset should A. have access to the accounting record for that asset B. be someone outside the company C. not have access to the accounting record for that asset D. be an accountant
Weegy: A. have access to the accounting record for that asset (More)
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Updated 5/24/2014 11:29:21 AM
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The custodian of a company asset should not have access to the accounting record for that asset.
Added 5/24/2014 11:24:13 AM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [5/24/2014 11:29:21 AM], Rated good by andrewpallarca
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