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