Question

To which account in the Balance Sheet is the net income or net loss transferred to at the end of the accounting period?
a. Cash
b. Accounts Receivable
C. Inventory
d. work​

Answer 1

Answer:

Cash

Explanation:

The amount of net income or net loss is transferred to Retained earnings, which is an equity account

Answer 2

Answer:

In the cash account of balance sheet is the net income or net loss transferred to at the end of the accounting period.

Explanation:

• The cash account is a type of brokerage account in which the investor must pay the full amount for securities purchased.
• It is the methodology under which transactions are recorded when they actually happen.
• So we are given with four options for saying which account in the balance sheet is the net income or net loss transfered to at the end of the accounting period. And they are- Cash, accounts receivable, inventory and work.
• Among this four options, option A cash is correct answer.

Hence, In the cash account of balance sheet is the net income or net loss transferred to at the end of the accounting period.

#SPJ2

Learn more about this topic on:

https://brainly.in/question/22604216