If the total debits exceed total credits in the balance sheet columns of the worksheet owner's equity
A) will increase because net income has occurred.
B) will decrease because a net loss has occurred.
C) is in error because a mistake has occurred.
D) will not be affected.

Question

Quizplus · Accepted Answer

The Answer of If the total debits exceed total credits in the balance sheet columns of the worksheet owner's equity
A) will increase because net income has occurred.
B) will decrease because a net loss has occurred.
C) is in error because a mistake has occurred.
D) will not be affected.

If the Total Debits Exceed Total Credits in the Balance