Which of the following statements is incorrect concerning the worksheet? (a) The worksheet is essentially a working

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Which of the following statements is incorrect concerning the worksheet?

(a) The worksheet is essentially a working tool of the accountant.

(b) The worksheet is distributed to management and other interested parties.

(c) The worksheet cannot be used as a basis for posting to ledger accounts.

(d) Financial statements can be prepared directly from the worksheet before journalizing and posting the adjusting entries.

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Financial Accounting

ISBN: 9781119298229,9781119305842

10th Edition

Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel

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Question Posted: Feb 07, 2024 03:01 AM

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Which of the following statements is incorrect concerning the worksheet? (a) The worksheet is essentially a working

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b The worksheet is a working to...View the full answer

Financial Accounting

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