If the Balance Sheet Columns of a Work Sheet Fail

question 138

Multiple Choice

If the Balance Sheet columns of a work sheet fail to balance when the amount of profit 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 Balance Sheet Debit column
• E) A liability amount entered in the Income Statement Credit column

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Definitions:

Structure

The way in which a company or organization is organized, including the distribution of responsibilities, roles, and authority among members.

Loose-Tight Leadership

A leadership approach that combines flexibility and adaptability with strict control and order when necessary.

Pet-Peeve Technique

A method used in problem-solving or creativity sessions where participants express annoyances to explore solutions or innovations.

Rigid Organizational

Describing a business or structure that is inflexible and resistant to change.