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Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University c Revenue and expense accounts reflect year-to-date amounts throughout d Monthly and quarterly financial statements cannot be prepared 5. Which of the following amounts appears in both the Income Statement debit column and the balance Sheet credit column of a worksheet? a Net income b Net lo dends d Retained earningsTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University c Revenue and expense accounts reflect year-to-date amounts throughout the year. d Monthly and quarterly financial statements cannot be prepared. 5. Which of the following amounts appears in both the Income Statement debit column and the Balance Sheet credit column of a worksheet? a Net income. b Net loss. c Dividends. d Retained earnings
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