Question
On the worksheet, when the credit column of the Income Statement totals $10,000 and the debit column of the Income Statement totals $8,000, it indicates:
On the worksheet, when the credit column of the Income Statement totals $10,000 and the debit column of the Income Statement totals $8,000, it indicates:
Select one:
a.A net profit of $2,000
b.The Unadjusted Trial balance was out of balance
c.A net loss of $2,000
d.An incorrect entry somewhere because debits should equal credits
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
