Which of the Following Errors Would Cause the Balance Sheet

question 107

Multiple Choice

Which of the following errors would cause the Balance Sheet and Statement of Changes in Equity 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 and Statement of Changes in Equity Debit column.
• D) Entering a revenue amount in the Balance Sheet and Statement of Changes in Equity Debit column.
• E) Entering a liability amount in the Balance Sheet and Statement of Changes in Equity Credit column.

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Definitions:

Dysfunctional Norm

A group standard or behavior that is counterproductive to the organization's goals or to the well-being of its members.

Calculus-Based

Involving complex mathematical concepts and methods, typically for problem solving or modeling scenarios.

Trust

Confidence or belief in the reliability, truth, ability, or strength of someone or something.

Predictability

The extent to which future events or behaviors are considered foreseeable based on current knowledge or patterns.