Matching Pairs 6 Column Work SheetOnline version Find the pairs by Janelle Vernon 1 First step of the 6 column worksheet 2 Net Income 3 Accounting Cycle 4 Heading 5 Trial Balance 6 Balance Sheet 7 What is the worksheet? 8 Parts of the Worksheet 9 What does the 6 column worksheet reflects at the end? 10 Net Loss The six-column worksheet is the six step in the accounting cycle Includes: name of the company, name of report and date/period When the period expenses are higher than the revenue Validate balances from the ledger by transferring the accounts and making sure debits and credits are the same. The Net Income or the Net Loss of the company Includes the balances of the asset, liabilities and owner's equity accounts Tool used by accountants that provides info. to complete Financial Statement. Heading, Trial Balance, Income Statement and Balance Sheet First section of the worksheet. Totals must be the same. When the revenue is greater than the expenses
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