If, in Preparing a Work Sheet, an Adjusted Trial Balance

question 25

Multiple Choice

If, in preparing a work sheet, an adjusted trial balance amount is sorted to the wrong work sheet column, the Balance Sheet columns will balance on completing the work sheet, but with the wrong profit, if the amount sorted in error is

• A) An expense amount entered in the Balance Sheet Credit column
• B) A revenue amount entered in the Balance Sheet Debit column
• C) A liability amount entered in the Income Statement Credit column
• D) An asset amount entered in the Balance Sheet Credit column
• E) A liability amount entered in the Balance Sheet Debit column

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Definitions:

Green Or Blue Ink

Colored inks used for writing, with the choice often based on personal preference or specific document requirements.

Numerical Amount

A quantity or value expressed in numbers.

Written Amount

The value of a document or instrument stated in words.

Five And 62/100

A manner to express the numeric value 5.62, often found in financial documents.