If the Balance Sheet and Statement of Changes in Equity

Multiple Choice

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

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