Question

The difference between the totals of the debit and credit columns of the Adjusted Trial Balance columns on the end-of-period spreadsheet a.is the difference between revenue and expenses b.is the amount of net income or loss c.is the amount of retained earnings d.indicates there is an error on the end-of-period spreadsheet

Answer 1

Answer:

d.indicates there is an error on the end-of-period spreadsheet

Explanation:

The trial balance is a type of financial statement in which the debit side and the credit side are equal and matched while the adjusted trial balance is the balance which is made after passing the adjusting entries

Now in the case when the debit total and credit total is not matched so there must be an error at the end of the accounting period

Therefore the option d is correct