Multiple Choice
When preparing a work sheet an adjusted trial balance amount is mistakenly sorted to the wrong work sheet column.The Balance Sheet columns will balance on completing the work sheet but with the wrong net income,if the amount sorted in error is:
A) An expense amount placed in the Balance Sheet Credit column
B) A revenue amount placed in the Balance Sheet Debit column
C) A liability amount placed in the Income Statement Credit column
D) An asset amount placed in the Balance Sheet Credit column
E) A liability amount placed in the Balance Sheet Debit column
Correct Answer:

Verified
Correct Answer:
Verified
Q17: Match each definition to its term
Q20: Given the table below,indicate the impact
Q22: Using the following table indicate the impact
Q23: Match each definition to its term
Q25: Match each transaction to types of accounts
Q115: The broad principle that requires expenses to
Q170: A balance sheet that places the assets
Q190: A company had revenue of $550,000,rent expense
Q197: Earned but uncollected revenues that are recorded
Q374: Financial statements are typically prepared in the