If the Balance Sheet and Statement of Owner's Equity Columns

Multiple Choice

If the Balance Sheet and Statement of Owner's Equity columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Owner's Equity Credit column,the cause could be:

A) An expense entered in the Balance Sheet and Statement of Owner's Equity Debit column.
B) A revenue entered in the Balance Sheet and Statement of Owner's Equity Credit column.
C) An asset amount entered in the Income Statement and Statement of Owner's Equity Debit column.
D) A liability amount entered in the Income Statement and Statement of Owner's Equity Credit column.
E) An expense entered in the Balance Sheet and Statement of Owner's Equity Credit column.