Which of the Following Errors Would Cause the Balance Sheet

question 10

Multiple Choice

Which of the following errors would cause the Balance Sheet and Statement of Owner's Equity columns of a work sheet to be out of balance?

• A)Entering an asset amount in the Income Statement Debit column.
• B)Entering a liability amount in the Income Statement Credit column.
• C)Entering an expense amount in the Balance Sheet and Statement of Owner's Equity Debit column.
• D)Entering a revenue amount in the Balance Sheet and Statement of Owner's Equity Debit column.
• E)Entering a liability amount in the Balance Sheet and Statement of Owner's Equity Credit column.

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Definitions:

Settled

Resolved or finalized, especially in the context of legal disputes or agreements.

Motor Vehicle Accident

An incident involving a collision or other mishap involving vehicles such as cars, motorcycles, or trucks, often resulting in damage or injury.

Trial

A formal examination of evidence by a judge, and typically a jury, in order to determine guilt or innocence in a case of law.

Moot

A term used to describe a case, argument, or problem that has become irrelevant or academic, thus not requiring a practical resolution.