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    emloveschris's Avatar
    emloveschris Posts: 1, Reputation: 1
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    #1

    Feb 19, 2008, 07:13 PM
    Determining net loss/net income from the end of period spreadsheet
    In the end of period spreadsheet/worksheet for the current year, the Debit total is $436,700 and the credit total is $523,550. What is the amount of net loss or net income in preparing the income statement from the end-of-period spreadsheet?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Feb 20, 2008, 09:21 PM
    Credits are revenues, and debits are expenses. And net income is revenues less expenses. Does that help?
    angelicahill's Avatar
    angelicahill Posts: 1, Reputation: 1
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    #3

    Mar 28, 2011, 03:24 PM
    How do you do an end of the period spreadsheet
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #4

    Mar 28, 2011, 05:25 PM

    See attached Excel 97-2003 format for a sample of a completed worksheet.
    Attached Files
  1. File Type: xls Lakeside Worksheet - IS and BS added.xls (23.0 KB, 226 views)
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