If the Balance Sheet and Statement of Retained Earnings Columns

question 319

Multiple Choice

If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column,the cause could be:

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