The difference between the totals of the debit and credit columns of the Adjusted Trial Balance columns on the end-of-period spreadsheet
A) is the amount of net income or loss
B) indicates there is an error on the end-of-period spreadsheet
C) is the amount of retained earnings
D) is the difference between revenue and expenses

Question

Quizplus · Accepted Answer

The adjusted trial balance should have equal totals for the debit and credit columns. A difference indicates an error in the spreadsheet.

The Difference Between the Totals of the Debit and Credit