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Omitting a Transaction for a Credit Sale of $4000 from a Worksheet

Question 37

Multiple Choice

Omitting a transaction for a credit sale of $4000 from a worksheet will cause the:


A) assets side of the worksheet to be $8000 more than the liabilities and equity side.
B) liabilities and equity side of the worksheet to be $8000 more than the assets side.
C) liabilities and equity side of the worksheet to be $4000 more than the assets side.
D) both sides of the worksheet will balance. i.e. assets will equal liabilities + equity.

Correct Answer:

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