Accumulated Depreciation and Revenue would be sorted to which respective columns in completing a work sheet?

A.Balance Sheet and Statement of Owner's Equity-Credit and Income Statement-Credit.

B.Balance Sheet and Statement of Owner's Equity-Debit and Income Statement-Debit.

C. Income Statement-Debit and Income Statement-Credit.

D. Balance Sheet and Statement of Owner's Equity-Debit and Balance Sheet and Statement of Owner's Equity-Credit.

E. Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Credit.

Question

22-06-2022
Business

contestada

Accumulated Depreciation and Revenue would be sorted to which respective columns in completing a work sheet?

A.Balance Sheet and Statement of Owner's Equity-Credit and Income Statement-Credit.

B.Balance Sheet and Statement of Owner's Equity-Debit and Income Statement-Debit.

C. Income Statement-Debit and Income Statement-Credit.

D. Balance Sheet and Statement of Owner's Equity-Debit and Balance Sheet and Statement of Owner's Equity-Credit.

E. Balance Sheet and Statement of Owner's Equity-Debit; and Income Statement-Credit.

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harshsuts054 harshsuts054 · Answer 1 · 2022-06-30T18:26:51+02:00

Accumulated Depreciation and Revenue would be sorted in Balance sheet and statement of Owner's Equity-Credit and income statement-Credit respective columns in completing a work sheet

Balance sheet is a breakdown of the capital, liabilities, and assets of a company or other organisation at a specific moment, together with the balance of revenue and expenses for the previous quarter.

Financial statements are official records of a person, business, or other entity's financial situation and actions. An easy-to-understand style is used to provide pertinent financial data in a systematic manner.

Hence Accumulated Depreciation and Revenue would be sorted in Balance sheet and statement of Owner's Equity-Credit and income statement-Credit respective columns in completing a work sheet

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