If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column,the cause could be:
A) An expense entered in the Balance Sheet and Statement of Retained Earnings Debit column.
B) A revenue entered in the Balance Sheet and Statement of Retained Earnings Credit column.
C) An asset amount entered in the Income Statement and Statement of Retained Earnings Debit column.
D) A liability amount entered in the Income Statement and Statement of Retained Earnings Credit column.
E) An expense entered in the Balance Sheet and Statement of Retained Earnings Credit column.
Correct Answer:
Verified
Q31: The Unadjusted Trial Balance columns of a
Q32: An optional columnar working paper used to
Q35: In preparing a work sheet an adjusted
Q82: The balances in the unadjusted columns of
Q87: The Unadjusted Trial Balance columns of a
Q271: Accumulated Depreciation and Service Fees Earned would
Q272: High Step Shoes,had annual revenues of $185,000,expenses
Q277: High Step Shoes had annual revenues of
Q280: High Step Shoes,had annual revenues of $185,000,expenses
Q281: At the beginning of the year,a company's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents