4. Which of the following errors would cause the balance sheet and statement of owners equity columns

Question:

4. Which of the following errors would cause the balance sheet and statement of owner’s equity columns of a work sheet to be out of balance?

a. Entering a revenue amount in the balance sheet and statement of owner's equity bedit column

b. Entering a liability amount in the balance sheet and statement of owner's equity credit column

c. Entering a expense amount in the balance sheet and statement of owner's equity bedit column

d. Entering an asset account in the income statement edit column

e. Entering a liability amount in the income statement credit column.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

Question Posted: