When Preparing a Work Sheet an Adjusted Trial Balance Amount

question 21

Multiple Choice

When preparing a work sheet an adjusted trial balance amount is mistakenly sorted to the wrong work sheet column.The Balance Sheet columns will balance on completing the work sheet but with the wrong net income,if the amount sorted in error is:

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

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Definitions:

Confederal Systems

A form of government where power is given to individual states or entities, with a weak central authority, allowing for a loose union.

Government Advantages

These are the benefits that accrue to society from effective governance, including stability, security, and public services.

Government Disadvantages

Potential negative consequences associated with the role and functioning of government, including inefficiency, bureaucratic delays, and the risk of corruption.

Categorical Grants

Grants issued by the United States Congress which may be spent only for narrowly defined purposes and are often accompanied by strict compliance requirements.