The worksheet for the Drano Plumbing Company was prepared by Damon Davis. He determined that his net income was $50,000. He added up the $400,000 shortfall on his Total Financial Sheet Columns and the $300,000 credit, and then he calculated: Who is aware of the most likely explanation for this disparity? If such is the case, how should he go about locating the issue?

The worksheet for the Drano Plumbing Company was prepared by Damon Davis. He determined that his net income was $50,000. He added up the $400,000 shortfall on his Total Financial Sheet Columns and the $300,000 credit, and then he calculated: Who is aware of the most likely explanation for this disparity? If such is the case, how should he go about locating the issue?

COMPREHENSIVE MICROSOFT OFFICE 365 EXCE

1st Edition

ISBN:9780357392676

Author:FREUND, Steven

Publisher:FREUND, Steven

Chapter5: Working With Multiple Worksheets And Workbooks

Section: Chapter Questions

Problem 10AYK

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Damon Davis was finalizing the paperwork for Drano Plumbing. He projected a net profit of $50,000. When he added up the columns on the Balance Sheet, he saw that the debit column was equivalent to $400,000 and the credit column was equal to $300,000. Which of the following was the most probable explanation for the mismatch in results? If this was not the cause of the issue, what should he undertake to ascertain its origin?
Damon Davis was finalising Drano Plumbing's paperwork. He projected a $50,000 net profit. When he added up the columns on the Balance Sheet, he saw that the debit column amounted to $400,000 and the credit column amounted to $300,000. What was the most probable cause of the outcome discrepancy? If this was not the cause of the issue, how should he proceed to ascertain its origin?
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