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  3. 2. val has extended and totalled her final t

2. Val has extended and totalled her final trial balance, but has not entered the...

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Accounting

2. Val has extended and totalled her final trial balance, but has not entered the profit or loss for the
period. The total of the statement of financial position debit column is less than the total of the
statement of financial position credit column.
Which of the following is correct?
A Val has made a profit, and the total of the statement of profit or loss debit column will be less than
the total of the statement of profit or loss credit column.
B Val has made a loss, and the total of the statement of profit or loss debit column will be less than
the total of the statement of profit or loss credit column.
C Val has made a profit, and the total of the statement of profit or loss debit column will be greater
than the total of the statement of profit or loss credit column.
D Val has made a loss, and the total of the statement of profit or loss debit column will be greater than
the total of the statement of profit or loss credit column.

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