Which of the Following Errors Would Cause the Balance Sheet

question 132

Multiple Choice

Which of the following errors would cause the Balance Sheet columns of a work sheet to be out of balance?

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

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Definitions:

Excessive Optimism

An overly positive outlook or expectation, which may result in unrealistic planning or underestimated risks.

Inspirational Motivation

The ability to motivate others through the articulation of an appealing vision and ambitious goals.

Appealing Vision

A compelling and inspiring outlook or plan for the future that motivates people to aim towards it.

Personal Identification

A psychological process by which an individual associates themselves with someone else's attributes or the characteristics of a group.