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:

Midline

An imaginary line that divides the body into equal right and left halves.

Tasteless

Lacking flavor or not having any taste, often used to describe food or substances without a discernible taste.

Odorless

Lacking a detectable smell.

Liquid

A substance that flows freely but is of constant volume, having a consistency like that of water or oil.