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

question 17

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 net income,if the amount sorted in error is:

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

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Definitions:

Performance Effectiveness

A measure of how well an individual, system, or organization achieves its goals and objectives in a quality and timely manner.

Productivity

measures the efficiency of production of goods or services, often quantified as the ratio of output to input.

Major Responsibilities

The primary duties or tasks that an individual or a role within an organization is expected to perform as part of their job.