If the Balance Sheet columns of a work sheet fail to balance when the amount of the net income is added to the Balance Sheet Credit column,the cause could be:
A)An expense amount entered in the Balance Sheet Debit column
B)A revenue amount entered in the Balance Sheet Credit column
C)An asset amount entered in the Income Statement Debit column
D)A liability amount entered in the Income Statement Credit column
E)An expense amount entered in the Balance Sheet Credit column

Question

Quizplus · Accepted Answer

An expense amount entered in the Balance Sheet Credit column would cause the Balance Sheet columns to fail to balance when the amount of the net income is added to the Balance Sheet Credit column. This is because expenses are normally entered in the Balance Sheet Debit column, and adding an expense to the Balance Sheet Credit column would increase the total of the Balance Sheet Credit column and cause it to be out of balance with the Balance Sheet Debit column.

If the Balance Sheet Columns of a Work Sheet Fail