A worksheet: a. Is a form used to gather all data needed at the end of the
Question:
A worksheet:
a. Is a form used to gather all data needed at the end of the account period to prepare the financial statements.
b. Is a form to facilitate the efficient preparation of the financial statements.
c. Has five sections: trial balance, adjustments, adjusted trial balance, income statement, and balance sheet.
d. All of the above are correct.
Step by Step Answer:
d All of the above are correct The trial balance section lists all of the account balances at th...View the full answer
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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