If the Balance Sheet Columns of a Work Sheet Fail

question 95

Multiple Choice

If the Balance Sheet columns of a work sheet fail to balance when the amount of the net income 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 Income Statement Credit column
• E)An expense amount entered in the Balance Sheet Credit column

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Definitions:

Reaction

A process in which chemical substances convert into new substances through the breaking and forming of chemical bonds.

Regio-

Regio- refers to a prefix in chemistry denoting the specific region or position in a molecule where a reaction or change occurs, often used in the context of regioselective reactions.

Stereochemical

Pertaining to the spatial arrangement of atoms in molecules and the effect of this arrangement on chemical reactions and properties.

Peroxybenzoic Acid

An organic compound that is a peroxide derivative of benzoic acid, often used in oxidation reactions.