Net Income
Parts of the Worksheet
Heading
Net Loss
Trial Balance
Accounting Cycle
Six Column Work Sheet Content
Description of Worksheet
Balance Sheet
What does the 6 column worksheet shows?
When the revenue is greater than the expenses
Includes a heading, trial balance, income statement and balance sheet
The six-column worksheet is the six step in the accounting cycle
When the period expenses are higher than the revenue
Heading, Trial Balance, Income Statement and Balance Sheet
The Net Income or the Net Loss of the company
Includes: name of the company, name of report and date/period
First section of the worksheet. Totals must be the same.
Paper used to collect information from the ledger accounts in one place. It is a tool used by accountants and provides information to complete Financial Statement.
Includes the balances of the asset, liabilities and owner's equity accounts
