Which of the following errors would cause the balance sheet columns of a work sheet to be out of balance?
A)Entering a revenue amount in the Balance Sheet Debit column.
B)Entering a liability amount in the Income Statement Credit column.
C)Entering an expense amount in the Balance Sheet Debit column.
D)Entering an asset amount in the Income Statement Debit column.
E)Entering a liability amount in the Balance Sheet Credit column.

Question

Quizplus · Accepted Answer

Entering a revenue amount in the Balance Sheet Debit column would cause the balance sheet columns to be out of balance because revenues should be recorded in the Income Statement Credit column, not in the Balance Sheet.

Which of the Following Errors Would Cause the Balance Sheet