Question
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?
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?
Select one:
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 Owner's Equity Debit column.
d. Entering a revenue amount in the Balance Sheet and Statement of Owner's Equity Debit column.
e. Entering a liability amount in the Balance Sheet and Statement of Owner's Equity Credit column.
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