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