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

question 62

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

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Definitions:

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

Scientific Methods

A series of systematic steps followed during scientific research to ensure accuracy and the validity of findings.

Satisfaction

The feeling of pleasure or fulfillment that comes from achieving one's desires or needs.

Empirical Approach

A method of inquiry that relies on direct, systematic observation and experimentation to gather knowledge and evidence.