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If total credits exceed total debits in the Balance Sheet columns of a work sheet,...

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Question

Accounting

If total credits exceed total debits in the Balance Sheet columns of a work sheet,

Select one:

a. a mistake has been made.

b. a net income has occurred.

c. assets exceed liabilities.

d. no conclusion can be drawn until the closing entries have been made.

e. a net loss has occurred.

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