Solved

Omitting a Transaction for a Cash Sale for $6000 from a Worksheet

Question 24

Multiple Choice

Omitting a transaction for a cash sale for $6000 from a worksheet will cause:


A) the liabilities & equity side of the worksheet to be $6000 more than the assets side
B) the liabilities & equity side of the worksheet to be $12 000 more than the assets side
C) the assets side of the worksheet to be $6000 more than the liabilities & equity side
D) the assets and liabilities & equity sides of the worksheet will balance,i.e.they will have equal totals

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents