The unequal totals of the debit and credit columns of the Adjusted Trial Balance columns on a work sheet
A) indicates the amount of net income or loss
B) indicates there is an error on the work sheet
C) is not unusual when preparing the work sheet
D) is the net difference between revenue, expenses, and dividends

Question

Quizplus · Accepted Answer

The unequal totals in the Adjusted Trial Balance columns indicate that there is an error on the work sheet. The totals of the debit and credit columns should be equal if all transactions have been recorded and analyzed correctly. This error will need to be identified and corrected before the financial statements can be prepared.

The Unequal Totals of the Debit and Credit Columns of the Adjusted