Accounting Cycle
Trial Balance
Net Loss
Six Column Work Sheet Content
What does the 6 column worksheet shows?
Net Income
Parts of the Worksheet
Description of Worksheet
Balance Sheet
Heading
Heading, Trial Balance, Income Statement and Balance Sheet
When the period expenses are higher than the revenue
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.
The Net Income or the Net Loss of the company
Includes a heading, trial balance, income statement and balance sheet
Includes: name of the company, name of report and date/period
When the revenue is greater than the expenses
The six-column worksheet is the six step in the accounting cycle
Includes the balances of the asset, liabilities and owner's equity accounts