Internal documents prepared by accountants when organizing the information presented in formal reports to internal and external decision makers are called
A) Adjusting papers
B) Statement papers
C) Working papers
D) Closing papers
E) Business papers

Question

Quizplus · Accepted Answer

Internal documents prepared by accountants when organizing the information presented in formal reports to internal and external decision makers are called working papers. These are used to support the information in financial statements and provide evidence for any audit that may be conducted. Working papers can include financial calculations, notes, and other relevant documentation that supports the accuracy and validity of financial statements.

Internal Documents Prepared by Accountants When Organizing the Information Presented